Document:

mla_com_ex10_25

Exhibit 10.25

PURCHASE/LEASEBACK AGREEMENT

	
Buyer:
	
Seller: 

	
COMDISCO LABORATORY AND
	
EXELIXIS, INC. 

	
SCIENTIFIC GROUP, A DIVISION
OF
	
170 Harbor Way 

	
COMDISCO, INC.
	
So. San Francisco, California 94083

	
6111 North River Road 
	 
	
Rosemont, Illinois 60018
	 

	PURCHASE: Seller agrees to
sell and Buyer agrees to purchase from Seller the equipment listed below (the
"Equipment") in accordance with the terms and conditions specified in
this Purchase/Leaseback Agreement dated as of August 2, 2000.

	
Item Number
	
Qty.
	
Mfg.
	
Machine Type/Feature
	
Description
	
Serial Number

	
Various Equipment listed and described in the
attachments made hereto

	PURCHASE PRICE: $5,954212.99.
The Purchase Price is due upon execution of this Agreement ("Payment
Date").  Seller agrees to provide Buyer with all purchase documentation
associated with Seller's purchase of the Equipment from the vendor
("Vendor"), including the Vendor's quotation, invoices, and Bill of
Sale to Seller (collectively, "Proof of Ownership") within sixty (60)
days of the Payment Date.  Seller also agrees to cooperate with Buyer in
obtaining any UCC releases (Form UCC-3) deemed necessary by Buyer for the
Equipment within ninety (90) days of the Payment Date.  If Seller is unable to
provide Buyer with Proof of Ownership for the Equipment, or the UCC-3 releases
as set forth above, then (i) Buyer will notify Seller, (ii) Seller will
immediately refund to Buyer the Purchase Price for such Equipment plus interest
at the rate of 15% per annum until the date of Buyer's receipt of the refunded
Purchase Price, and (iii) all obligations of either party with respect to such
Equipment will thereafter terminate.  If Buyer receives the refunded Purchase
Price within ten (10) days of Seller's receipt of Buyer's notice, no interest
will be due on the refunded Purchase Price.

	LEASEBACK: This Agreement is contingent
upon Seller leasing the Equipment from Buyer pursuant to the Equipment Schedule
Nos.  SG-01 and SG-02 to the Master Lease Agreement dated August 2, 2000 between
Seller, as Lessee, and Buyer, as Lessor (collectively the
"Lease").

	WARRANTY: SELLER MAKES NO WARRANTIES OTHER THAN
THOSE SPECIFICALLY SET OUT IN THIS AGREEMENT (IF ANY), AND SPECIFICALLY
DISCLAIMS THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR
PURPOSE.

	TITLE: Title to the Equipment will be free and
clear of all liens, claims and encumbrances of any kind and will vest in Buyer
upon payment of the full Purchase Price.  Upon request, Seller will provide
Buyer with a Bill of Sale to evidence such title.

	TAXES: Buyer warrants that it is in the
business of buying and selling laboratory and scientific equipment and that the
purchase of the Equipment is for the purpose of resale only.

	GOVERNING LAW: Illinois

	MULTIPLE COUNTERPARTS: This Agreement may
be executed in multiple counterparts, each of which will be deemed to be an
original and of equal force and effect.

	MISCELLANEOUS: Seller agrees to and will
indemnify and hold Buyer harmless from and against all liens, costs, expenses,
damages or claims, including reasonable attorney's fees, arising out of the
performance of Seller's obligations, the breach by Seller of its obligations,
defects in the Equipment or any misrepresentation by Seller under this
Agreement.

	
Exelixis,
Inc.

As Seller

By:

(authorized signature)

Date:
	
COMDISCO LABORATORY AND
SCIENTIFIC GROUP, A DIVISION OF COMDISCO, INC.

As Buyer

By:

(authorized signature)

Date:Phoenix Exhibit 10.15

EMPLOYMENT AGREEMENT

BETWEEN

PHOENIX HEALTHCARE, CORPORATION, INC.

AND

DANIEL SPETHMANN

 

          THIS AGREEMENT made and entered into as of the 1st day of September 2000 (the "Effective Date") by and between Phoenix Healthcare Corporation, Inc., a Delaware corporation
(the "Corporation"), and Daniel Spethmann, a resident of Texas (hereinafter referred to as "Executive").

          WHEREAS, the parties, for and in consideration of the mutual and reciprocal covenants and agreements hereinafter contained, and intending to be legally bound hereby, do
contract and agree as follows:

          1.          Purpose and Employment. The Corporation's primary business is the deployment of a te
chnology-enabled data, media and communications platform to be used in the execution of its business-to-business and business-to-consumer strategies in the healthcare, telecommunication, insurance, media and other applicable industries (the "Business").
The purpose of this Agreement is to define the relationship between the Corporation and Executive. The Corporation hereby employs Executive, and Executive hereby accepts employment by the Corporation, all upon the terms and conditions hereinafter set forth.

          2.          Position and Scope of Duties.

          (a)          Executive shall serve as an employee of the Corporation and as Executive Vice President of
Healthcare Information Technologies ("HIT"), a wholly-owned subsidiary of the Corporation. At all times, Executive shall report to, discharge his duties in consultation with and be under the direct supervision and control of the Chief Operating Officer of
the Corporation, shall perform such duties, consistent with the Executive's employment as a senior employee of the Corporation, shall hold such other titles with respect to the Corporation, or any of its divisions, subsidiaries, or affiliates, as the
Corporation's Board of Directors may from time to time determine, and shall comply with all applicable provisions of the Corporation's certificate of incorporation. As to employees under his jurisdiction, including those working directly under his
supervision, Executive shall use his best efforts (i) to employ and retain only employees who are capable and willing to perform according to applicable legal requirements and applicable policies of the Corporation, and also (ii) to assure that such
personnel are properly trained and supervised. Subject to the direction of the Chief Operating Officer, Executive may hire and terminate the employment of any other employee of the Corporation, or of any of their divisions, subsidiaries or affiliates, who
is under his jurisdiction.

          (b)          Executive shall devote his primary business time to the business and affairs of the Corporation,
excluding any periods of vacation, sick leave, and disability to which Executive is entitled; and he shall fulfill his duties to the Corporation to the best of his ability. However, it shall not be a violation of this Agreement for the Executive to (i)
serve on corporate, civic, or charitable boards or committees, (ii) deliver lectures, fulfill speaking engagements, or teach at educational institutions, and (iii) manage his personal finances and passive investments, so long as none of such activities
(singularly or collectively) significantly interfere with the performance of the Executive's responsibilities as an employee of the Corporation in accordance with this Agreement.

          (c)          A description of the specific duties and responsibilities of the Executive is contained in Exhibit
A attached to this Agreement.

          3.          Term. The term of this Agreement shall be for a period of one (1) year commencing on the Effective
Date (the "Term") unless terminated earlier by mutual agreement of the parties or by either party in accordance with Section 8 of this Agreement. Upon completion of the original one-year Term, the Agreement shall automatically be renewed for a period of
one (1) year on the anniversary of the Effective Date and each anniversary date thereafter; provided, that the Corporation may terminate the Agreement as of any such renewal date by providing ninety (90) days advance written notice to the Executive. The
parties agree to reevaluate the term of the Agreement six (6) months after the Effective Date.

          4.          Compensation During Employment. For all the services to be rendered by Executive hereunder, the
Corporation shall pay to Executive a base salary, bonuses, and incentive compensation as follows:

          (a)          Base Salary. Executive shall be paid an annual base salary of One Hundred, Eighty Thousand
dollars ($180,000.00). $120,000 of the annual base salary will be paid in monthly installments pursuant to the Corporation's standard payroll policies and procedures. $60,000 will be deferred compensation to the Executive. Payment terms of such deferred
compensation will be negotiated between the Corporation and the Executive six months after the Effective Date. The Corporation's Chief Operating Officer may increase the Executive 's annual base salary effective as of any anniversary date of this
Agreement in such amounts as the Chief Operating Officer deems appropriate in his sole discretion.

          (b)          Initial Stock Options. Upon the execution of this Agreement, Executive shall be granted
non-qualified stock options for a total of 500,000 shares of the common stock of the Corporation, under Phoenix Healthcare Corporation's 2000 Stock Option Plan (the "Initial Stock Options"), as set forth in the Stock Option Agreement, attached as Exhibit
B and provided that the Executive is employed by the Corporation on each such anniversary dates. 

          (c)          Executive's Incentive Compensation. Executive will be entitled to incentive compensation equal to
20% of all operating profits of HIT payable in common stock after deducting all direct expenses of HIT including, but not limited to payroll, research and development, selling, general and administrative expenses, interest on actual HIT borrowings and
amounts spent on capital expenditure items. No allocation of corporate overhead will be made but costs specifically identifiable as costs applicable to HIT such as payroll of HIT employees and rent will be included as direct expenses of HIT. The Parties
acknowledge that HIT will be allowed to first recover certain development costs incurred by HIT in excess of $200,000 before the incentive compensation is calculated.

          Additionally, Executive will be entitled to incentive compensation of options for 250,000 shares of the Corporation's common stock if HIT achieves cash breakeven, on a
cumulative basis, within six months of the Effective Date. Cumulative cash breakeven will be determined by taking all cash collected by HIT and deducting all costs paid for by HIT since HIT's inception using Generally Accepted Accounting Procedures
("GAAP"). These 250,000 options will vest 100% on the date of grant and will be exercisable in equal annual installments over three (3) years from the date of grant.

          Executive may also be entitled to such additional bonuses and incentive compensation, as may be determined by the Chief Operating Officer in his sole discretion. Each such
additional bonus or incentive compensation may be paid in cash or shares of common stock of the Corporation or combination thereof as the Chief Operating Officer shall determine in his sole discretion. Such incentive compensation may also include options
to purchase shares of the Corporation's common stock pursuant to a plan established by the Corporation's Board of Directors.

          5.          Other Benefits. In addition to other benefits conferred under this Agreement, Executive shall have
the right to participate in (on the same terms and conditions as available to other senior employees of the Corporation) all pension plans, retirement plans, deferred compensation plans, executive compensation plans, health insurance, disability,
accidental death and group term life insurance plans, "fringe" benefit plans (including permissible sick days or leave days), and other employee benefit plans that the Corporation shall, from time to time, generally confer upon other senior executives of
the Corporation. 

          6.          Vacation, Holidays, etc. Executive shall be entitled to four (4) weeks vacation with pay (or such
greater length of time as may be approved from time to time by the Corporation's Board of Directors) during each fiscal year of the Corporation, such vacation to be taken by Executive at such times as shall be consistent with the business requirements of
the Corporation. In addition, Executive shall also be entitled to such holidays as are customary in the Corporation. Unused holidays and days of vacation may not be carried over form one fiscal year to another, and additional income will not be given for
vacation time or holidays not taken.

          7.          Expenses. Executive is expected from time to time, to incur reasonable expenses as he reasonably
deems to be for the Corporation's benefit and for promoting the business of the Corporation, including expenses for entertainment, travel, and similar items. Executive shall be promptly reimbursed for all such reasonable expenses (in accordance with the
policies and procedures regarding employee business-related expense from time to time established by the Corporation for its senior executive officers) upon his presenting to the Corporation a detailed itemized expense voucher therefor in accordance with
applicable corporate policies. Executive shall also be reimbursed for health insurance/group medical in an amount not to exceed the amount paid for by the Corporation for other employees of the Corporation. 

          8.          Termination of Employment.

          (a)          Termination for Cause. Notwithstanding the provisions of Section 3 hereof, the Corporation shall
have the right to terminate this Agreement immediately upon giving written notice to the Executive (or Executive's personal or legal representatives, if appropriate), for any of the following reasons: 

                    (1)          Death of the Executive;

                    (2)          Inability of the Executive, by reason of physical or
mental disability ("Disability"), to continue to perform his duties hereunder for the remainder of the term of this Agreement; 

                    (3)          Just Cause, which is defined herein to mean: (a)
Executive's gross negligence in performing his duties hereunder; (b) Executive's willful failure or refusal to perform his duties hereunder; (c) Executive's intentional wrongful act or wrongful failure to act that materially and adversely affects the
business affairs of the Corporation; or (d) Executive's commission of any act of fraud, commission of any felony, material breach of any provision of this Agreement, involvement in any material conflict of interest or self dealing transaction in violation
of the applicable corporate laws of the State of Delaware, or other breach of any of his quasi-fiduciary duties to the Corporation in violation of the applicable corporate laws of the State of Delaware (including, but not limited to, the duties of due
care, loyalty, and fair dealing).

          (b)          Termination Benefits. If this Agreement expires, or if during the Term the Corporation terminates
this Agreement and Executive's employment hereunder as a result of any of the following, Executive will be entitled to the following termination compensation or severance benefits:

                    (1)          Death. If during the Term, Executive's
employment is terminated by reason of death, the Corporation shall thereafter have no liability to Executive's estate hereunder, except to timely pay and provide his estate the following: (i) the portion, if any, of Executive's Base Salary for the period
up to the date of death that remains unpaid; (ii) any bonuses and incentive compensation for any preceding year or for the current year that have been earned (pro-rated to the date of death), but have not been paid as of the date of death; and (iii) all
other payments and benefits that Executive is eligible to receive, but have not yet been received as of the date of death, under all benefit plans, retirement plans, and other arrangements that, by their terms, apply.

                    (2)          Disability. If during the Term,
Executive's employment is terminated due to Executive's Disability as defined in paragraph 8(a)(2) above, the Corporation shall, after such effective date of termination, have no liability to Executive hereunder, except to timely pay and provide the
Executive the following: (i) the portion, if any, of Executive's Base Salary for the period up to the effective date of termination that remains unpaid; (ii) any bonuses and incentive compensation for any preceding year or for the current year (pro-rated
to the effective date of termination) that have been earned, but have not been paid as of the effective date of termination; and (iii) all other payments and benefits that Executive is eligible to receive, but have not yet been received as of the
effective date of termination, under all benefit plans, retirement plans, and other arrangements that, by their terms, apply. 

                    (3)          Just Cause. If during the Term,
Executive's employment is terminated for Just Cause as specified in Section 8(a)(3) above, the Corporation shall, after such effective date of expiration or termination, have no liability to Executive hereunder, except to timely pay and provide the
Executive the following: (i) any bonuses and incentive compensation for any preceding year or for the current year (pro-rated to the effective date of termination; and (ii) all other payments and benefits that Executive is eligible to receive, but have
not yet been received as of the effective date of termination, under all benefit plans, retirement plans, and other arrangements that, by their terms, apply. To the extent that any insurance coverages maintained by the Corporation for the benefit of
Executive have conversion privileges into individual policies, the Executive, upon his termination of employment or within any applicable grace periods thereafter, may (at his sole cost) so convert such coverages, as well as exercise (at his sole cost)
all rights of continuation prescribed by applicable law. 

                    (4)          Without Cause. If during the Term,
Executive's employment is terminated without the Executive's written consent and without Just Cause for any reason whatsoever other than disability or death, the Corporation shall, after such effective date or expiration or termination, have no liability
to Executive hereunder, except to timely pay and provide the Executive the following: (i) the same Base Salary, bonuses and incentive compensation, benefits, and other compensation that the Executive would otherwise be entitled to receive hereunder
through the remaining unexpired Term hereof as though no termination or expiration had occurred; (ii) any bonuses and incentive compensation for any preceding year or for the current year that have been earned, but have not been paid as of the effective
date of termination; (iii) all other payment and benefits that Executive is eligible to receive, but have not yet been received as of the effective date of termination. To the extent that any insurance coverages maintained by the Corporation for the
benefit of Executive have conversion privileges into individual policies, the Executive, upon his termination of employment or within any applicable grace periods thereafter, may (at his sole cost) so convert such coverages, as well as exercise (at his
sole cost) all rights of continuation prescribed by applicable law.

          (c)          Termination by Executive. In the event that Executive terminates this Agreement for any reason,
the Corporation shall, after such effective date of termination, have no liability to Executive hereunder, except as specified in Section 8(b)(3) hereof, as if the Corporation had terminated the Executive for Just Cause.

          9.          Restrictive Covenants of Executive.

          (a)          Definitions. For the purposes of this Agreement:

                    (1)          "Confidential Information" shall mean
any information relating to the Corporation or to the business of the Corporation (or to any of its parents, subsidiaries or affiliates) (whether proprietary or otherwise) not generally known to the public or known by Executive otherwise than as a
consequence of or through his employment with the Corporation and treated by the Corporation as being confidential, including, but not limited to, research, marketing, customer lists, databases, financing sources, methods, techniques and systems, all of
which shall be deemed by the Corporation and Executive as being Confidential Information.

                    (2)          "Person" shall mean an individual, a
partnership, an association, a corporation, a trust, an unincorporated organization, or any other business entity or enterprise, provided, however, that the term "Person" shall not include the Corporation.

          (b)          Acknowledgements. Executive agrees and acknowledges that: (i) he will be in a position of
confidence and trust with the Corporation and he will have access to Confidential Information; (ii) the nature and periods of restrictions imposed by the covenants set forth in this Section are fair, reasonable and necessary to protect and preserve for
the Corporation the benefits of this Agreement and that such restrictions will not prevent Executive from earning a livelihood; (iii) the Corporation would sustain irreparable loss and damage if Executive were to breach any of such covenants; and (iv) the
covenants herein set forth are made as an inducement to and have been relied upon by the Corporation in entering this Agreement. 

          (c)          Confidential Information. Executive hereby covenants and agrees that Executive shall not, directly
or indirectly, during the Term of this Agreement and for three (3) years after Executive's employment is terminated for whatever reason, disclose to any Person or use or otherwise exploit for Executive's own benefit or for the benefit of any other Person
any Confidential Information that was disclosed to Executive or acquired by Executive while an employee of the Corporation. Upon the termination of Executive's employment for whatever reason, Executive shall return to the Corporation all Confidential
Information and all material in Executive's possession or control, which is of a confidential matter relating to the Corporation's business. This provision shall survive the termination or expiration of this Agreement. The foregoing provisions of this
paragraph 9 (c) shall be binding upon Executive's heirs, successors and legal representatives.

          (d)          Non-Competition.

                    (1)          Executive hereby agrees that during the Term and
for one (1) year following the termination of the Executive's employment by the Corporation, however occurring, he will not, directly or indirectly, expressly or tacitly, for himself or on behalf of any Person, (i) act as a director, officer, manager,
shareholder, partner, member, advisor, executive or consultant to any business that provides services or products which are directly competitive with the services or products being provided by or which are being produced or developed by the Corporation,
or are under investigation by the Corporation at the expiration of the Term and with which Executive had contact as an employee of the Corporation, or (ii) recruit investors on behalf of an entity which engages in activities that are directly competitive
with the services or products being provided or that are being produced or developed by the Corporation, or are under investigation by the Corporation at the expiration of the Term and with which Executive had contact as an employee of the Corporation.

                    (2)          Executive hereby agrees that during the Term and for
one (1) year following the termination of the Executive's employment by the Corporation, however occurring, he will not, directly or indirectly, expressly or tacitly, for himself or on behalf of any Person, solicit, suggest or direct others to solicit for
hire any person employed by the Corporation at the time of termination of the Executive's employment by the Corporation.

                    (3)          Executive hereby agrees that during the Term and for
one (1) year following the termination of the Executive's employment by the Corporation, however occurring, he will not, directly or indirectly, expressly or tacitly, for himself or on behalf of any Person, solicit, divert or attempt to appropriate, to
any Person which competes with the Corporation, any Person who is or was a customer of the Corporation or an actively sought prospective customer of the Corporation with which he had contact as an employee of the Corporation during the Term.

          (e)          Consent to Court-Ordered Remedy. Executive acknowledges that his breach of any covenant set forth
in this Section 9 will result in irreparable injury to the Corporation and that the Corporation's remedies at law for such a breach are inadequate and extremely difficult to calculate or determine. Accordingly, Executive agrees and consents that upon such
a breach or threatened breach by Executive of any covenant set forth herein, the Corporation shall be entitled to such remedies in law or equity as may be determined by the court for such a breach or threatened breach.

          (f)          Remedies Cumulative and Concurrent. The rights and remedies of the Corporation, as provided in
this Section 9 shall be cumulative and concurrent and may be pursued separately, successively or together against Executive at the sole discretion of the Corporation, and may be exercised as often as occasion therefor shall arise. The failure to exercise
any right or remedy shall in no event be construed as a waiver or release thereof.

          10.          Indemnity. To the fullest extent permitted by law, the Corporation shall indemnify Executive and
hold him harmless for any acts or decisions made by him in good faith while performing services for the Corporation. In addition, to the fullest extent permitted by law, the Corporation shall pay all expenses, including attorneys' fees, actually and
necessarily incurred by Executive in connection with the defense of any action, suit or proceeding challenging such acts of decisions and in connection with any appeal thereon including the costs of settlement. This indemnification obligation shall
survive the termination of the Executive's employment hereunder.

          11.          Waiver of Breach of Violation Not Deemed Continuing. The waiver by either party of a breach or
violation of any provision of this Agreement shall not operate as or be construed to be a waiver of any subsequent breach hereof.

          12.          Notices. Any and all notices required or permitted to be given under this Agreement will be
sufficient if furnished in writing, personally delivered or sent by certified mail, return receipt requested as follows: 

	
To Executive:

	
 

	
Daniel Spethmann

1650 Gibbons Road, South

Bartonville, TX 76226

	
 

	
To the Corporation:

	
 

	
Phoenix Healthcare Corporation, Inc.

Attn: Chief Operating Officer

4514 Travis Street

Suite 330

Dallas, Texas 75205

          13.          Securities Law Compliance. The Executive represents and agrees that he is acquiring any Shares he
receives under this Agreement for his own account and not with the intention reselling or distributing the Shares, except as permitted under this Agreement and any applicable federal and state securities laws. The Corporation shall have the right to take
any actions it may deem necessary or appropriate to ensure that the Shares granted to the Executive comply with applicable federal and state securities laws.

          14.          Tax Liability. The Corporation may withhold from any payment made pursuant to this Agreement any
federal, state or local taxes required to be withheld from such payment. The Executive shall make such arrangements as may be required or be satisfactory to the Corporation (in its sole discretion) for the payment of any tax withholding obligations that
arise in connection with the granting of Shares under this Agreement. The Corporation shall not be required to issue any Shares under this Agreement until such obligations are satisfied.

          15.          Governing Law. This Agreement shall be interpreted, construed and governed according to the laws
of the State of Texas. The parties hereto consent to jurisdiction and venue in the Texas state courts in Dallas, Texas and United States District Court for the Northern District of Texas, Dallas Division.

          16.          Paragraph Headings. The paragraph headings contained in this Agreement are for convenience only
and shall in no manner be construed as a part of this Agreement.

          17.          Entire Agreement. This Agreement supersedes all prior discussions and agreements between the
Corporation, and any of its officers, directors, employees, or agents, and Executive with respect to all matters relating to the employment by the Corporation of Executive and all other matters contained herein, and this Agreement constitutes the sole and
entire agreement with respect thereto. Any representation, inducement, promise or agreement, whether oral or written, between the Corporation, and any of its officers, directors, employees, or agents, and Executive, which is not embodied herein, shall be
of no force or effect.

          18.          Successors and Assignors. This Agreement shall be binding upon, and shall inure to the benefit of,
the Corporation and Executive and their respective heirs, personal and legal representatives, successors, and assigns.

          19.          Severability. If any term, covenant or condition of this Agreement or the application thereof to
any person or circumstance shall, to any extent, be invalid or unenforceable the remainder of this Agreement or the application of such terms, covenants and conditions to persons or circumstances other than those as to which it is held invalid or
unenforceable shall be affected thereby and each term, covenant or condition of this Agreement shall be valid and be enforced to the fullest extent permitted by law.

 

          IN WITNESS WHEREOF, the Corporation has hereunder to caused this Agreement to be executed by its duly authorized offices and seals to be hereunto affixed, and Executive
has hereunto set his hand and seal, all being done in duplicate originals delivered to each party as of the day and year first above written.

	
 
	
 
	
 

	
___________________________________

Witness
	
 
	
________________________________Daniel Spethmann

	
 
	
 
	
 

	
 
	
 
	
 

	
 
	
 
	
 

	
ATTEST:
	
 
	
Phoenix Healthcare Corporation, Inc.

	
 
	
 
	
 

	
 
	
 
	
 

	
 
	
 
	
 

	
___________________________________
	
 
	
By: _____________________________

    Gary G. Castleberry

    Chief Operating Officer

EXHIBIT A

DESCRIPTION OF SPECIFIC DUTIES AND RESPONSIBILITIES

          Executive shall be employed by the Corporation as an Executive Vice President of Healthcare Information Technologies, Inc. ("HIT"), a wholly-owned subsidiary of the
Corporation. At all times, Executive shall report to, discharge his duties in consultation with and be under the direct supervision and control of the Corporation's Chief Operating Officer. Executive shall perform such duties, consistent with the
Executive's employment as a senior employee, shall hold such other titles with respect to the Corporation, or any of its divisions, subsidiaries or affiliates, as the Corporation's Board of Directors may from time to time determine, and shall comply with
all applicable provisions of the Corporation's certificate of incorporation and bylaws.

          As the Executive Vice President of HIT, the Executive shall, subject to the direction of the Corporation's Chief Operating Officer, have the authority to formulate policies
for and administer all operational aspects of HIT's business. Additionally, Executive's duties and responsibilities shall include:

	
1.
	
Oversight and direct participation in management, direction and profit and loss profile of HIT;

	
2.
	
Active participation in development of HIT;

	
3.
	
Participation on an as needed basis in the definition and development of business opportunities for the Corporation.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00017-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00017-of-00352.parquet"}]]