Document:

Date:                              17 July 2000

To:                                Trimeris, Inc. ("Party B")

Attention:                         Robert Bonczek

From:                              _________________ ("Party A")

Re:                                Equity Option Confirmation
                                   Reference Number:
--------------------------------------------------------------------------------

The purpose of this communication is to confirm the terms and conditions of the
capped call option (the "Transaction") entered into between us on the Trade Date
specified below. This communication constitutes a "Confirmation" as referred to
in the Master Agreement specified below.

The definitions and provisions contained in the 1996 ISDA Equity Derivatives
Definitions (the "Equity Definitions"), as published by the International Swaps
and Derivatives Association, Inc. ("ISDA") are incorporated into this
Confirmation. In the event of any inconsistency between those definitions and
provisions and this Confirmation, this Confirmation will govern.

This Confirmation evidences a complete binding agreement between you and us as
to the terms of the Transaction to which this Confirmation relates. In addition,
you and we agree to use all reasonable efforts promptly to negotiate, execute
and deliver an agreement in the form of the ISDA Master Agreement
(Multicurrency-Cross Border) (the "ISDA Form"), with such modifications as you
and we will in good faith agree. Until such time as we execute and deliver the
ISDA Form, this Confirmation, together with all other documents referring to the
ISDA Form (each a "Confirmation"), shall supplement, form a part of, and be
subject to an agreement in the form of the ISDA Form as if we had executed an
agreement in such form (but without any Schedule) on the Trade Date of the first
such Transaction between us. In the event of any inconsistency between the
provisions of the ISDA Form and this Confirmation, this Confirmation will
prevail for the purpose of this Transaction. Upon the execution by you and us of
an agreement in the form of the ISDA Form, this Confirmation will supplement,
form a part of, and be subject to that agreement. All provisions contained or
incorporated by reference in that agreement upon its execution will govern this
Confirmation except as expressly modified below.

The terms of the Transaction to which this Confirmation relates are as follows:

Trade Date:

Option Style:                      European

Option Type:                       Call

Seller:                            Party B

Buyer:                             Party A

Shares:                            Common stock of Trimeris Inc.  (Symbol: TRMS)

Number of Options:

Option Entitlement:

Strike Price:

<PAGE>
Cap Price:

Premium:

Premium
Payment Date:                      Three currency Business Days following the
                                   Trade Date

Exchange:                          Nasdaq National Market

Related Exchange(s):               Any  exchange or  quotation  system on which
                                   the Shares or options or futures on the
                                   Shares are listed or quoted.

Clearance System:                  The Depository Trust Company

Calculation Agent:                 Party A

Procedure for Exercise
----------------------

Expiration Time:                   At the 4:00p.m. close of trading on the
                                   Exchange; without regard to any extended or
                                   after hours trading.

Expiration Date:

Automatic Exercise:                Applicable

Seller's Contact
Details for Notice:

Reference Price:                   The last reported sale price of a Share on
                                   the Exchange at the Expiration Time on the
                                   Expiration Date.

Settlement Terms
----------------

Settlement:                        The Transaction shall be Physically Settled,
                                   provided, however, that Party B may elect
                                   that Cash Settlement or Net Share Settlement
                                   be applicable to the Transaction by giving
                                   notice to Party A of such election on a day
                                   (the "Election Date") no later than (in the
                                   case of Cash Settlement) five Exchange
                                   Business Days, or (in the case of Net Share
                                   Settlement) twenty Exchange Business Days,
                                   before the Expiration Date.

Cash                               Settlement If Party B elects Cash Settlement,
                                   Party B shall pay the Cash Settlement Amount
                                   to Part A on the Cash Settlement Payment
                                   Date.

Settlement                         Price If Net Share Settlement or Cash
                                   Settlement is applicable, the Settlement
                                   Price shall be the price determined in
                                   accordance with Section 4.4(b)(i) of the
                                   Equity Definitions.

Cash Settlement
Payment Date:                      Three currency Business Days after the
                                   Valuation Date

Net Share Settlement:              If Party B elects Net Share Settlement, the
                                   Seller shall deliver to the Buyer the number
                                   of whole Shares (the "Settlement Shares")
                                   equal to (i) the Cash Settlement Amount (if
                                   any) divided by (ii) the Closing Value, plus
                                   cash in lieu of any fractional Share. At any
                                   time following an election of Net Share
                                   Settlement

                                       2
<PAGE>
                                   by Party B (as the settlement method
                                   applicable to the exercise of the Transaction
                                   on the Expiration Date) but no later than
                                   five Exchange Business Days before the
                                   Expiration Date, Party B may elect Cash
                                   Settlement or Physical Settlement.

Closing Value:                     The closing price of a Share on the Exchange
                                   Business Day immediately preceding the
                                   Settlement Date, as reported by the Exchange.

Settlement Date:                   If Physical Settlement or Net Share
                                   Settlement is applicable, the Settlement Date
                                   shall be three Exchange Business Days after
                                   the Valuation Date.

Valuation for Cash Settlement
-----------------------------

Valuation Date:                    As defined in Section 4.2 of the Equity
                                   Definitions

Valuation Time:                    At the 4:00pm close of trading on the
                                   Exchange, without regard to any after-hours
                                   trading.

Relevant Price:                    The last reported sale price on the Exchange
                                   as of the Valuation Time on the Valuation
                                   Date

Averaging Dates:                   The Valuation Date and each of the four
                                   Exchange Business Days preceding the
                                   Valuation Date

Averaging Date
Market Disruption:                 Modified Postponement

Adjustment Events

Method of
Adjustment:                        Calculation Agent Adjustment

Extraordinary Events

Consequences of Merger Events:

(a)    Share-for-Share:            Cancellation and Payment

(b)    Share-for-Other:            Cancellation and Payment

(c)    Share-for-Combined:         Cancellation and Payment

Nationalization or Insolvency:     Cancellation and Payment

Miscellaneous
-------------

Conditions on Physical and:
Net Share Settlement:              If Party B elects Physical Settlement or Net
                                   Share Settlement, the following conditions
                                   must be met: (i) Party B will enter into a
                                   Registration Rights Agreement with Party A in
                                   form and substance reasonably acceptable to
                                   Party A not later than the Election Date,
                                   which agreement will contain, among other

                                       3
<PAGE>
                                   things, the representations and warranties,
                                   indemnification and contribution provisions
                                   and the obligation of Party B to deliver
                                   customary opinions of counsel and
                                   accountant's comfort letters and officers'
                                   certificates, in each case, consistent with
                                   those that Party A would require in the case
                                   of a primary issuance of common stock, and
                                   obligations of Party A and Party B relating
                                   to the registration of the Settlement Shares
                                   and the Make-Whole Shares (the "Registered
                                   Shares"); (ii) the Shelf Registration (as
                                   hereinafter defined) shall have been declared
                                   effective by the Securities and Exchange
                                   Commission not less than five Exchange
                                   Business Days prior to the Expiration Date;
                                   and (iii) Party B shall maintain the
                                   effectiveness of the Shelf Registration and a
                                   prospectus covering the Registered Shares
                                   available for use by Party A until all
                                   Registered Shares have been sold by Party A.
                                   "Shelf Registration" means a registration
                                   statement in form and substance reasonably
                                   acceptable to Party A for an offering to be
                                   made on a continuous basis pursuant to Rule
                                   415 under the Securities Act of 1933, as
                                   amended, registering Party A's resale in the
                                   manner or manners designated by Party A of
                                   all the Settlement Shares, plus any
                                   Make-whole Shares, in the manner(s)
                                   designated by Party A.

Make-Whole
Provision:                         If Party B delivers Settlement Shares to
                                   Party A pursuant to Net Share Settlement of
                                   the Transaction and within ten Exchange
                                   Business Days after the Settlement Date,
                                   Party A resells all or any portion of the
                                   Settlement Shares and the net proceeds
                                   received by Party A upon resale of such
                                   Shares exceed the Cash Settlement Amount (or
                                   if less than all of the Shares are resold,
                                   the applicable pro rata portion of the Cash
                                   Settlement Amount), Party A shall promptly
                                   refund in cash such difference to Party B. In
                                   the event that such net proceeds are less
                                   than the Cash Settlement Amount (or if less
                                   than all of the Settlement Shares are resold,
                                   the applicable pro rata portion of the Cash
                                   Settlement Amount), Party B shall pay in cash
                                   or additional Shares such difference (the
                                   "Make-whole Amount") to Party A promptly
                                   after receipt of notice thereof. In the event
                                   that Party B elects to pay the Make-whole
                                   Amount in additional Shares, the requirements
                                   set forth above with respect to payment of
                                   the Cash Settlement Amount in Shares,
                                   including Make-whole requirements, shall
                                   apply, such that Party A shall pay to Party B
                                   any such excess and Party B shall pay to
                                   Party A in cash or additional Make-whole
                                   Shares any additional Make-whole Amount. In
                                   calculating the net proceeds from the resale
                                   of any Settlement Shares there shall be
                                   deducted from such proceeds any amount equal
                                   to the underwriting discount or commission
                                   determined by the Calculation Agent
                                   multiplied by the total number of Shares sold
                                   pursuant to a Shelf Registration or (in the
                                   case of restricted Shares), the total number
                                   of Shares delivered by Party B to Party A
                                   pursuant to Net Share Settlement.

Title to Shares:                   If the Transaction is to be physically
                                   settled or net share settled, the party
                                   obligated to deliver Shares (if not the
                                   issuer of the Shares) represents, warrants
                                   and agrees that (a) it is the legal and
                                   beneficial owner of the Shares it is required
                                   to deliver; (b) it has the right to transfer
                                   those Shares; and (c) it will convey good
                                   title to the Shares it is required to
                                   deliver, free from all liens, charges,
                                   equities, rights of pre-emption or other
                                   security interests or encumbrances
                                   whatsoever.

                                   If the Transaction is Net-Share Settled or
                                   Physically Settled, Party B represents to
                                   Party A that all Settlement Shares and
                                   Make-whole Shares delivered to Party A will,
                                   at the time of delivery, be duly authorized,
                                   validly issued and fully paid and
                                   non-assessable.

                                       4
<PAGE>
Transfer:                          Neither party may transfer any rights nor
                                   delegate any obligations in respect of the
                                   Transaction, in whole or in part, directly or
                                   indirectly, without the prior written consent
                                   of the non-transferring party.

Special Provisions
------------------

1.  Governing Law and Consent to Jurisdiction:

The Transaction will be governed by and construed in accordance with the laws of
New York (without reference to choice of law doctrine). Solely as between the
parties hereto, and relating solely to matters arising concerning this
Transaction, each party irrevocably submits to the non-exclusive jurisdiction of
the courts of the state of New York and the United States District Court located
in the Borough of Manhattan in the City of New York, and waives any objection
which it may have at any time to the laying of venue of any proceedings
concerning this transaction brought in such court, waives any claim that such
proceedings have been brought in an inconvenient forum and further waives the
right to object that such court does not have jurisdiction over any party.
Notwithstanding the foregoing, nothing in this Confirmation precludes either
party from bringing proceedings in any other jurisdiction nor will the bringing
of proceedings in any one or more jurisdictions preclude the brining of
proceedings in another jurisdiction.

2.  Representations and Warranties:

Party A and Party B each hereby represents, warrants and agrees as follows: (i)
it is duly organized and validly existing under the laws of the jurisdiction of
its organization or incorporation and, if relevant under such laws, in good
standing; (ii) it has the corporate power to execute and deliver this
Confirmation and to perform its obligations under this Confirmation and the
Transaction evidenced hereby; (iii) such execution, delivery and performance do
not violate or conflict with any law applicable to it, any provision of its
constitutional documents, any order or judgement of any court or other agency of
government binding upon it or any material contract binding on or affecting it
or any of its assets; (iv) all governmental and other consents that are required
to have been obtained by it with respect to this Confirmation and the
Transaction evidenced hereby have been obtained and are in full force and effect
and all material conditions of any such consents have been complied with; (v)
its obligations under this Confirmation and the Transaction evidenced hereby
constitute its legal, valid and binding obligations, enforceable in accordance
with their respective terms (subject to applicable bankruptcy, reorganization,
insolvency, moratorium or similar laws affecting creditors' rights generally and
subject, as to enforceability, to equitable principles of general application
(regardless of whether enforcement is sought in a proceeding in equity or at
law)); (vi) it is not required by any applicable law, as modified by the
practice of any relevant governmental revenue authority, of any relevant
jurisdiction to make any deduction or withholding for or on account of any tax
from any payment to be made by it to the other party under this Confirmation and
the Transaction evidenced hereby; (vii) its payment obligations hereunder rank
and will rank at all times at least pari passu in all respects with all of its
other unsecured obligations (except for those which are preferred by operation
of law); and (viii) it is entering into this Confirmation and the Transaction
evidenced hereby as principal (and not as agent or in any other capacity,
fiduciary or otherwise); and (ix) (a) it is an "accredited investor," as such
term is defined in Regulation D promulgated under the Securities Act of 1933,
(b) it has had access to such information regarding the Transaction and the
other party as it requested, (c) it has knowledge and experience in financial
and business matters and is capable of evaluating the merits and risks of the
Transaction and is able to bear the economic risk of its investment, including
without limitation the risk of complete loss on the investment, and (d) it
acquired its interest herein and in the Transaction evidenced hereby for its own
account for investment and not with a view to, or in connection with, any
distribution of such interests.

Representations and warranties set forth in section (ix) above will be correct
and complied with in all respects at all times so long as the parties continue
to have obligations and duties to each other hereunder as if repeated then, by
reference to then existing circumstances.

3.       Elections and Modifications Under the ISDA Form

                                       5
<PAGE>
For purposes of the Transaction evidenced by this Confirmation, Party A and
Party B have made the following elections and modifications to the ISDA Form:

(a)      "Specified Entity" means in relation to Party A for the purpose of:

         Section 5(a)(v),                         Any Affiliate of Party A
         Section 5(a)(vi),                        NONE
         Section 5(a)(vii),                       NONE
         Section 5(b)(iv),                        NONE

         and in relation to Party B for the purpose of:

         Section 5(a)(v),                    Any Affiliate of  Party B
         Section 5(a)(vi),                   Any Affiliate of  Party B
         Section 5(a)(vii),                  Any Affiliate of  Party B
         Section 5(b)(iv),                   Any Affiliate of  Party B

(b)      The "Cross Default" provisions of Section 5(a)(vi) of the ISDA Form, as
modified below, will apply to Party A and to Party B. Section 5(a)(vi) of ISDA
Form is hereby amended by the addition of the following at the end thereof:

              "provided, however, that notwithstanding the foregoing, an Event
of Default shall not occur under either (1) or (2) above if, as demonstrated to
the reasonable satisfaction of the other party, (a) the event or condition
referred to in (1) or the failure to pay referred to in (2) is a failure to pay
caused by an error or omission of an administrative or operational nature; and
(b) funds were available to such party to enable it to make the relevant payment
when due; and (c) such relevant payment is made within three Business Days
following receipt of written notice from an interested party of such failure to
pay."

         "Specified Indebtedness" means any obligation (whether present or
future, contingent or otherwise, as principal or surety or otherwise) for the
payment or repayment of any money.

         "Threshold Amount" means, with respect to Party B or any Specified
Entity USD10,000,000 or, if lower, the amount in US Dollars of debt which the
failure of Party B to pay will constitute on default or event of default under
Party B's principal credit agreement with banks or other lending institutions
and, with respect to Party A, shall mean 2% of the shareholder's equity
(howsoever described) of Party A as shown on the most recent annual audited
financial statements of Party A.

(c)      "Payments on Early Termination".  For the purpose of Section 6(e) of
         this Agreement:
         (i)      Loss will apply.
         (ii)     The Second Method will apply.

4.     Settlement on Extraordinary Event:
       ---------------------------------

a.       If payment is required of Party B pursuant to Section 9.3 or 9.7 of the
Equity Definitions, Party B shall have the right, in its sole discretion, to
elect (the "Extraordinary Transaction Election") to satisfy any such payment
obligation by Net Share Settlement of this Transaction. Party B shall make any
election to Net Share Settle the Transaction within two Exchange Business Days
of the Announcement Date but in any event not less than twenty Exchange Business
Days prior to the effective date of such Merger or Nationalization .

b.       For purposes of any such Net Share Settlement : (i) the "Shares" to be
registered and delivered to Party A shall be the Shares, (ii) the Cash
Settlement Amount shall be the amount determined in accordance with Section 9.7
of the Equity Definitions, provided that, for the purposes of this Confirmation
the second and third lines of Section 9.7(b) of the Equity Definitions are
deleted and replaced with, "promptly by the parties after the Extraordinary
Transaction Election, failing which it will be determined by the Calculation
Agent and based on", (iii) the Settlement Date shall be the tenth Clearance
System Business Day following the Announcement Date, but in any event not later
than eight Exchange Business Days before the Merger Date or the date the
Nationalization occurs (as

                                       6
<PAGE>
applicable), and (iv) the entity surviving, resulting from, or acquiring Party B
in connection with the Merger Event shall comply with all of the Conditions on
Net Share Settlement set forth in this confirmation.

5.     Calculations and Payment on Early Termination:
       ---------------------------------------------

a.       The obligations of Party B to make payments pursuant to Section 6(d)
and (e) of the ISDA Form are modified as follows: Party B shall have the right
to make any payment required pursuant to Section 6(e) of the ISDA Form following
the occurrence of an Early Termination Date in respect of this Transaction and
any other Transaction between the parties referenced to the Shares and to which
this modification of the ISDA Form is expressly made applicable and to which
Party B is required to make a payment pursuant to Section 6(d) or (e) of the
ISDA Form ("Share Eligible Transactions") by electing to Net Share Settle the
Share Eligible Transactions in accordance with the terms and conditions for Net
Share Settlement herein and in any other Share Eligible Transaction. Party B
shall elect to Net Share Settle the Share Eligible Transactions by giving notice
to Party A of such election (i) if Party B is the Defaulting or Affected Party,
within one Exchange Business Day after the notice fixing an Early Termination
Date is received by Party B or (ii) if Party A is the Defaulting or Affected
Party, in the notice fixing an Early Termination Date. If Party B elects Net
Share Settlement:

         (i)      The relevant parties shall determine pursuant to Section 6(e)
                  of the ISDA Form the Loss applicable to Share Eligible
                  Transactions and to Transactions that are not Share Eligible
                  Transactions ("Other Transactions") (for the avoidance of
                  doubt, Other Transactions includes Transactions referenced to
                  the Shares in respect of which Party A has a payment
                  obligation to Party B under Section 6(d) or (e) of the ISDA
                  Form) and the Cash Settlement Amount for purposes of Net Share
                  Settlement of Share Eligible Transactions shall be the amount,
                  if any, payable by Party B to Party A as the Loss in respect
                  of Share Eligible Transactions. In consideration of the
                  parties continuing obligations under this Transaction, Party A
                  and Party B amend the ISDA Form as of the Trade Date as
                  follows:
                  (A) Party A's obligation to make any payment pursuant to
                      Section 6(e) of the ISDA Form (the "Section 6(e) Payment")
                      is subject to the precondition that all amounts payable
                      and securities deliverable by Party B to Party A in
                      connection with all Share Eligible Transactions have been
                      received by Party A in full (the "Receipt"); and
                  (B) The time provided in the ISDA Form within which Party A
                      must make the Section 6(e) Payment shall be extended until
                      such Receipt.
                  The last sentence of the first paragraph of Section 6(e) of
                  the ISDA Form shall not apply with respect to Share Eligible
                  Transactions. Nothing in the immediately preceding sentence
                  shall affect the obligations of the parties to pay the amount
                  determined in accordance with Section 6(e) in respect of Other
                  Transactions in cash in accordance with Section 6 of the ISDA
                  Form.
         (ii)     The Settlement Date for Net Share Settlement shall be the
                  later of:
                  (A) the payment date determined pursuant to Section 6(d)(ii)
                      of the ISDA Form; and
                  (B) the earlier of (x) the second Exchange Business Day
                      following the date the Registration Statement is declared
                      effective by the Securities and Exchange Commission
                      ("SEC"); and (y) the date determined pursuant to subclause
                      (vi)(A)(4).
         (iii)    If Party B is the Defaulting Party or the sole Affected Party,
                  the Closing Value of the Shares shall be 75% of the amount
                  determined under Closing Value.
         (iv)     Party B shall comply with all of the Conditions on Net Share
                  Settlement applicable to Share Eligible Transactions, except
                  that the Registration Statement must be declared effective by
                  the Securities and Exchange Commission ("SEC") not later than
                  the close of business on the second Exchange Business Day
                  following the notice fixing an Early Termination Date.
         (v)      Interest from (and including) the relevant Early Termination
                  Date to (but excluding) the Settlement Date shall accrue on,
                  and be added to, the Cash Settlement Amount, in the
                  Termination Currency, at the rate determined by the
                  Calculation Agent in its absolute discretion. Such interest
                  will be calculated on the basis of daily compounding and the
                  actual number of days elapsed.
         (vi)     If the Registration Statement is not declared effective by the
                  SEC within the time set out in paragraph 5(a)(iv) (or, where
                  Party A has previously made the election set out in paragraph
                  5(a)(vi)(B), within the time designated pursuant to paragraph
                  5(a)(vi)(B)), Party A, in its absolute discretion, may elect
                  to:
                  (A) receive the relevant number of Shares from Party B in
                      which case:

                                       7
<PAGE>
                               (1)  the day on which Party A makes such an
                                    election to receive such Shares from Party B
                                    is the "Party A Election Date", and
                               (2)  Party B shall withdraw any Registration
                                    Statement filed with the SEC in connection
                                    with the Shares, and
                               (3)  Party B will enter into a Private Placement
                                    Purchase Agreement with Party A in form and
                                    substance acceptable to Party A no later
                                    than the next Exchange Business Day
                                    following the Party A Election Date, and
                               (4)  Party B shall deliver to Party A such Shares
                                    on the Settlement Date which, for the
                                    purposes of this paragraph 5(a)(vi)(A)(4),
                                    shall be the third Exchange Business Day
                                    following the Party A Election Date, and
                               (5)  in addition to any Make-whole Amount payable
                                    by Party B pursuant to the Make-Whole
                                    Provision herein, Party B shall deliver to
                                    Party A such additional Shares until Party A
                                    has realized actual net proceeds upon resale
                                    of such Shares equal to Party A's Loss. At
                                    its election, Party A may by a written
                                    notice to Party B retain a number of Shares
                                    delivered by Party B pursuant to this
                                    subclause (vi). If Party A so elects, Party
                                    A shall be deemed to have sold each such
                                    retained Share for an amount equal to the
                                    price per Share obtained by Party A in the
                                    last Share sold by Party A prior to sending
                                    written notice of its intention to retain
                                    Shares to Party B. In no event will Party A
                                    be obligated to exercise its right to retain
                                    Shares; or
                  (B) extend the period within which the Registration Statement
                      is to be declared effective by the SEC for a further
                      period specified in writing by Party A at the time of such
                      extension.

Party B intends that this Transaction shall be accounted for as "permanent
equity" within the meaning of and for the purposes of EITF 00-7. This section
entitled Calculations and Payment on Early Termination shall be applicable only
to the extent and only for as long as necessary for Party B to account for this
Transaction as "permanent equity" within the meaning and for the purposes of
EITF 00-7 or any successor financial statement guidance. In the event there is a
change in interpretation of EITF 00-7 that would cause this Transaction not to
be accounted for as "permanent equity" thereunder, the parties agree to use
reasonable efforts to agree upon amendments to the Transaction acceptable to
both parties to permit the Transaction to continue to be accounted for as
"permanent equity."

                                       8
<PAGE>
Account Details

Party A:    Cash Payments for Physical Settlement
            -------------------------------------

            Cash Settlement Payments or USD Premium Payments
            -------------------------------------------------

            Delivery of Shares for Physical Settlement and Net Share Settlement
            -------------------------------------------------------------------

Party B:    (please advise)

6.  Relationship Between Parties

Each party will be deemed to represent to the other party on the date on which
it enters into a Transaction that (absent a written agreement between the
parties that expressly imposes affirmative obligations to the contrary for that
Transaction):

(a) Non-Reliance. It is acting for its own account, and it has made its own
independent decisions to enter into that Transaction and as to whether that
Transaction is appropriate or proper for it based upon its own judgement and
upon advice from such advisers as it has deemed necessary. It is not relying on
any communication (written or oral) of the other party as investment advice or
as a recommendation to enter into that Transaction; it being understood that
information and explanations related to the terms and conditions of a
Transaction shall not be considered investment advice or a recommendation to
enter into that Transaction. No communication (written or oral) received from
the other party shall be deemed to be an assurance or guarantee as to the
expected results of that Transaction.

(b) Assessment and Understanding. It is capable of assessing the merits of and
understanding (on its own behalf or through independent professional advice),
and understands and accepts the terms, conditions and risks of that Transaction.
It is also capable of assuming, and assumes, the risks of that Transaction.

(c) Status of Parties. The other party is not acting as a fiduciary for or an
adviser to it in respect of that Transaction.

Please confirm that the foregoing correctly sets forth the terms of our
agreement by executing the copy of this Confirmation enclosed for that purpose
and returning it to us at your earliest convenience.

Yours sincerely,

By: ______________________                  By: _____________________
Name:                                       Name:
Title:                                      Title:

Confirmed as of the ___ day
of ____________, ____

TRIMERIS INC..

By: ______________________
Name:
Title:EXHIBIT 10.19

                          COMMUNITY CAPITAL CORPORATION

                              EMPLOYMENT AGREEMENT
                              --------------------

         This Employment Agreement is made as of the 28th day of June 2000, by
and between Community Capital Corporation, a South Carolina corporation
("Corporation"), and Ralph Wesley Brewer ("Executive").

    WHEREAS, the Corporation is a multi-bank holding company headquartered in
    Greenwood, South Carolina currently operating five banks as wholly-owned
  subsidiaries: Greenwood Bank & Trust; Clemson Bank & Trust; Community Bank &
  Trust (formerly The Bank of Barnwell County); TheBank (formerly The Bank of
       Belton); and Mid State Bank (formerly The Bank of Newberry County)
                        (collectively, the "Banks"); and

         WHEREAS, Executive is currently employed by the Corporation with the
title of Vice-President/Controller;

         WHEREAS, the Corporation desires to promote Executive to the position
of Chief Financial Officer; and

         WHEREAS, the Corporation desires to employ the Executive, and the
Executive desires to be employed by the Corporation, in accordance with the
terms and conditions hereinafter set forth:

         NOW, THEREFORE, in consideration of the mutual promises herein set
forth, and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties, intending to be legally bound, agree
as follows:

         1. Employment. The Corporation hereby agrees to employ the Executive to
perform the duties described in Section 3 below subject to and in accordance
with the terms and conditions hereof, and the Executive hereby accepts such
employment.

         1. Term. The employment hereunder shall commence on the date hereof,
and shall continue for a period of three (3) years thereafter, unless terminated
in accordance with the provisions of Section 9 of this Agreement.

         2. Duties of the Executive.

                  A. In accepting employment hereunder by the Corporation, the
Executive shall undertake and assume the responsibility of performing for and on
behalf of the Corporation the duties of Chief Financial Officer. The Executive
also agrees to serve, if elected, as an officer of any subsidiary or affiliate
of the Corporation. It is further understood and agreed that any expansion,
contraction or other modification of the Executive's duties shall not result in
any change in the Executive's compensation as stated in Section 4, unless the
Corporation and the Executive specifically shall agree otherwise in a duly
executed amendment of this Agreement.

                  B. During the term of this Agreement, except for periods of
absence occasioned by illness, reasonable vacation periods, and reasonable
leaves of absence, the Executive shall devote substantially all his business
time, attention, skill, and efforts to the faithful performance of his duties
hereunder including activities and services related to the organization,
operation and management of the Corporation. The Executive shall perform all of
his duties hereunder to the best of his ability and shall not, directly or
indirectly, engage or participate in any activities in conflict with the best
interests of the Corporation or the Banks, and will conduct all the Executive's
activities in strict loyalty to the Corporation and the Banks.

         3. Compensation. As compensation for the services to be rendered by the
Executive for the Corporation under this Agreement, the Executive shall be
compensated as follows:

                  (A) Base Salary. The Executive shall receive an annual salary
of $80,000.00 payable in pay periods as determined by the Corporation, but in no
event less frequently than monthly.

                  (B) Vacation. The Corporation shall provide twenty (20)
business days of paid vacation time each calendar year. Such vacation days are
to be taken at such time or times as the Executive may reasonably request,
subject to the Corporation's convenience and prior approval, which approval
shall not be unreasonably withheld. Vacation time shall not cumulate year to
year.
<PAGE>

                  (C) Reimbursement for Expenses. The Corporation shall provide
reimbursement of all pre-approved reasonable expenses incurred by the Executive
for the benefit of the Corporation in the performance of his duties hereunder.

                  (D) Other Benefits. The Corporation shall provide other
benefits (e.g., health insurance coverage, dental insurance coverage, life
insurance, disability insurance, participation in pension plans, and paid leave,
etc.) reasonably comparable to, and no less favorable to the Executive than,
those benefits, if any, generally provided to other senior executives of the
Corporation.

         The compensation stated above is intended to be the total compensation
paid to the Executive.

         4. Relocation. As a condition of the Executive's employment hereunder,
on or before June 30, 2000, the Executive shall relocate his full-time residence
to anywhere within a ten (10) mile radius of Greenwood, South Carolina.

         5. Confidentiality and Secrecy. The Executive acknowledges that in and
as a result of his employment hereunder, he will be making use of, acquiring,
and/or adding to confidential information of a special and unique nature and
value relating to the Corporation's business, including without limitation
technological know-how, copyrights, proprietary information, trade secrets,
systems, procedures, manuals, confidential reports, records, operational
expertise, lists of customers and projects, and the nature and type of services
rendered by the Corporation. As a material inducement to the Corporation to
enter into this Agreement and to pay to the Executive the compensation stated in
Section 4, the Executive covenants and agrees that during the term of his
employment hereunder, and for five (5) years after the termination thereof, he
shall not, directly or indirectly, make use of, or disclose to any person, any
confidential information of the Corporation, the Banks or their respective
affiliates.

         6. Covenants Against Competition. In view of the unique value to the
Corporation of the services of the Executive for which the Corporation has
contracted hereunder, because of the confidential information to be obtained by
or disclosed to the Executive, as hereinabove set forth, and because the
Executive's employment hereunder will result in the Executive's development of a
unique relationship with customers and employees, as a material inducement to
the Corporation to enter into this Agreement and to pay to the Executive the
compensation stated in Section 4, the Executive covenants and agrees as follows:

                  (A) During the Executive's employment hereunder, and for a
period of three (3) years after the termination of the Executive's employment
hereunder for any reason, the Executive shall not directly or indirectly solicit
or divert employment of any employee of the Corporation and/or any of the Banks
or employ any person previously employed by the Corporation and/or any of the
Banks.

                  (B) During the Executive's employment hereunder, and for a
period of three (3) years after the termination of the Executive's employment
hereunder for any reason, the Executive shall not directly or indirectly
solicit, divert or convert, or assist another person or entity to solicit,
divert or convert, the Corporation's and/or any Bank's customers to any other
company or entity.

                  (C) During the Executive's employment hereunder, and for a
period of three (3) years after the termination of the Executive's employment
with the Corporation for any reason, the Executive shall not within the
geographic area specified below engage in any business or perform any services,
directly or indirectly, in competition with the business of the Corporation
and/or the Banks or have any interest, whether as a proprietor, partner,
employee, stockholder (directly or beneficially), principal, agent, consultant,
director, officer, or in any other capacity or manner whatsoever, in any
enterprise that shall so engage; except that the Executive shall be permitted to
own for investment purposes only, directly or beneficially, up to (but not more
than) 2% in the aggregate of the stock of a competing corporation which is
publicly-traded on a national stock exchange or the NASDAQ National Market
System, so long as the Executive is not a controlling person of, or a member of
a group that controls, such corporation and the Executive is not otherwise
affiliated in any capacity with such corporation. The restrictions of this
Section 7(C) shall apply everywhere within a fifty (50) mile radius of the
Corporation's headquarters, currently located at 1402-C Highway 72, Greenwood,
South Carolina, 29649, and everywhere within a twenty-five (25) mile radius of
each of the Banks' branch offices existing at the time the Executive's
employment terminates hereunder. Notwithstanding anything contained herein to
the contrary, in the event of a Change in Ownership as defined below during the
term of this Agreement, this Section 7(C) shall be null, void, and without
effect. For purposes of this Section, the term "Change in Ownership" shall mean
the first to occur of the following:

                           a. Any person or entity, or any two or more persons
or entities acting as a group as defined in Section 13(d)(3) of the Federal
Securities and Exchange Act of 1934, shall acquire ownership of fifty (50%)
percent or more of the outstanding voting stock of the Corporation; or

                           b. The acquisition of, or sale of, all or
substantially all of the assets of the Corporation, except to an Affiliate as
defined herein below; or
<PAGE>

                           c. The merger of the Corporation into another entity
that is not an Affiliate as defined herein below, and the Corporation is not the
survivor of such merger.

         For purposes hereof, an "Affiliate" is any entity controlling,
controlled by, or under common control with the Corporation. For this purpose,
"control" means legal or beneficial ownership of fifty (50%) percent or more of
the equity or voting interests in an entity.

         7. Reasonableness, Enforceability and Remedies.

                  (A) The Executive has carefully read and considered the
provisions of Sections 6, 7, and 8, and, having done so, agrees that the
restrictions set forth in these Sections, including, but not limited to, the
time period of restriction and geographic limitations set forth in Section 7,
are fair and reasonable and are reasonably required for the protection of the
interests of the Corporation and each of the Banks and their respective
officers, directors, shareholders, employees, and affiliates.

                  (B) In the event that, notwithstanding the foregoing, any of
the provisions of Sections 6, 7, and 8 or any parts thereof shall be held to be
invalid or unenforceable, the remaining provisions or parts thereof shall
nevertheless continue to be valid and enforceable as though the invalid or
unenforceable portions or parts had not been included therein. In the event that
any provision of Sections 6 or 7 relating to the time period and/or geographic
restrictions and/or related aspects shall be declared by a court of competent
jurisdiction to exceed the maximum restrictiveness such court deems reasonable
and enforceable, the time period and/or geographic restrictions and/or related
aspects deemed reasonable and enforceable by the court shall become and
thereafter be the maximum restriction in such regard, and the restriction shall
remain enforceable to the fullest extent deemed reasonable by such court.

                  (C) The Executive acknowledges that the services he is to
render are of a special and unusual character with a unique value to the
Corporation, the loss of which cannot adequately be compensated by damages in an
action at law. The Executive further acknowledges that the promotion of the
Executive to the office of Chief Financial Officer and increase in Executive's
compensation as set forth in Section 4 above from its current level, are
adequate consideration for the restrictions set forth in Sections 6 and 7
herein. In the event of a breach or threatened breach by the Executive of any of
the provisions of Sections 6 or 7, the Corporation and the Banks, in addition to
and not in limitation of, any other rights, remedies, or damages available to
the Corporation and the Banks under this Agreement, shall be entitled to a
permanent injunction in order to prevent or restrain any such breach by the
Executive or by the Executive's partners, agents, representatives, servants,
employers, employees, consulting clients, and/or any and all persons directly or
indirectly acting for or with him. The Executive acknowledges and agrees that
each of the Banks shall benefit from this Agreement and the services to be
provided by Executive hereunder.

                  (D) The Executive covenants and agrees that if he shall
violate any of his covenants or agreements under Sections 6 or 7, the
Corporation and each of the Banks shall be entitled to: (i) an accounting and
repayment of all profits, compensation, commissions, remuneration, or other
benefits that the Executive directly or indirectly has realized and/or may
realize as a result of, growing out of, or in connection with, any such
violation; (ii) recover actual damages incurred by the Corporation and each of
the Banks or their affiliates as a result of any such violation; (iii) any
injunctive relief to which the Corporation and each of the Banks is or may be
entitled at law, in equity, or under this Agreement; and (iv) exercise its other
rights respecting a breach of this Agreement as set forth herein.

                  (E) The Executive's obligations under Sections 6, 7, and 8
shall survive any termination of employment hereunder.

         8. Termination.

                  (A) For Cause By The Corporation. Notwithstanding any other
provision hereof, the Corporation may terminate the Executive's employment under
this Agreement immediately at any time for "cause". For purposes hereof the term
"cause" shall include, but not be limited to, the commission of any of the
following by the Executive: dishonesty; theft; unethical business conduct;
indictment for a felony; indictment for a misdemeanor involving moral turpitude;
drug or alcohol addiction; lack of competence in the performance of any duty on
behalf of the Corporation and/or the Banks; violation of the terms and
provisions of this Agreement; insubordination or failure to comply with
reasonable instructions of the Corporation; material violation by Executive of
any federal or state banking law, rule or regulation; causing or permitting,
whether intentionally or negligently, the Corporation and/or any of the Banks to
materially violate any federal or state banking law, rule or regulation; if
Executive is suspended and/or temporarily prohibited from participating in the
conduct of the Corporation's or any of the Banks' affairs by notice served under
Section 8(e) of the Federal Deposit Insurance Act (12 U.S.C., Section 1818(e));
or failure of Executive to relocate his residence in accordance with Section 5
above. All compensation (including without limitation the Base Salary and all
perquisites and fringe benefits) to which the Executive would otherwise be
entitled (for periods after the effective date of such termination) shall be
discontinued and forfeited as of the effective date of such termination.

                  (B) Disability. In the event of the Executive's disability
during employment under this Agreement, then employment under this Agreement
shall terminate. For purposes of this Agreement, except as provided herein
below,
<PAGE>

"disability" shall mean the inability of the Executive, due to sickness or other
incapacity, to perform his duties under this Agreement for a period in excess of
ninety (90) substantially consecutive days. Such termination shall become
effective at the Corporation's election upon the expiration of such ninety (90)
day period of disability. Upon termination of employment under this Agreement
due to the Executive's disability, the Executive shall be entitled to payment of
his Base Salary up to the date of termination.

                  (C) Termination By the Executive. The Executive may with or
without cause terminate this Agreement upon sixty (60) days prior written notice
to the Corporation. In the event of such termination, all compensation
(including without limitation the Base Salary and all perquisites and fringe
benefits) to which the Executive would otherwise be entitled (for periods after
the effective date of such termination) shall be discontinued and forfeited as
of the effective date of such termination. The Executive's death shall be deemed
termination of this Agreement pursuant to this Section 9(C).

         9. Annual Review. On or about each anniversary of the date of this
Agreement, during the term of this Agreement, this Agreement, including the
compensation provisions of Section 4, shall be reviewed by the Executive and the
Corporation; provided, however, neither party shall have any obligation to
modify this Agreement, and no amendment or other modification hereof shall be
effective unless mutually agreed to by the parties in writing.

         10. Burden and Benefit. This Agreement shall be binding upon, and shall
inure to the benefit of, the Corporation and the Executive, and their respective
heirs, personal and legal representatives, successors, and permitted assigns.

         11. Assignment. This Agreement and any rights hereunder are personal to
the Executive and shall not be assigned or otherwise transferred by the
Executive. The Corporation shall be entitled to assign this Agreement to any
corporation controlled by or under common control with the Corporation, or in
connection with the acquisition of, or sale of substantially all of, the assets
of business to which this Agreement pertains.

         12. Governing Law/Jurisdiction. The construction and interpretation of
this Agreement shall at all times and in all respects be governed by the laws of
the State of South Carolina. The parties hereby (i) agree that any litigation,
action or proceeding arising out of or relating to this Agreement may be
instituted in a state or federal court in the State of South Carolina, (ii)
waives any objection which it might have now or hereafter to any such
litigation, action or proceeding based upon improper venue or inconvenient
forum, and (iii) irrevocably submits to the jurisdiction of such courts in any
such litigation, action or proceeding. For all purposes of this Agreement, the
parties hereby submit to the venue and jurisdiction of the courts in the State
of South Carolina, irrevocably consent to personal jurisdiction of such courts,
and further agree that service of process upon any party hereto may be effected
pursuant to United States mail.

         13. Usage. The section and paragraph headings contained in this
Agreement are for reference purposes only and shall not affect in any way the
meaning or interpretation of this Agreement. Term such as "hereof", "hereunder",
"hereto", "herein", and words of similar import shall refer to this Agreement in
its entirety and all references shall refer to specified portions of this
Agreement, unless the context clearly requires otherwise.

         14. Severability. The provisions of this Agreement shall be deemed
severable, and the invalidity or unenforceability of any one or more of the
provisions of this Agreement shall not affect the validity and enforceability of
the other provisions. Without limiting the generality of the foregoing or of
Section 8, each provision, sub-provision, part, and sub-part of Sections 6, 7,
and 8 shall be deemed severable.

         15. Survival. The Executive's obligations pursuant to Section 6, 7, and
8 hereof shall survive the termination of this Agreement.

         16. Modifications. This Agreement can only be modified by a written
agreement duly signed by authorized representatives of the parties hereto.
Moreover, in order to avoid uncertainty, ambiguity and misunderstandings in
their relationships, the parties hereto covenant and agree not to enter into any
oral agreement or understanding inconsistent or in conflict with this Agreement;
and the parties hereto further covenant and agree that any oral communication
allegedly or purportedly constituting such an agreement or understanding shall
be absolutely null, void and without effect.

         17. Waiver. Any waiver by either party of any breach or any term or
condition hereof shall be effective only if in writing and such writing shall
not be deemed to be a waiver of any subsequent or other breach, term or
condition of this Agreement.

         18. No Inference Against Author. No provision of this Agreement shall
be interpreted against any party because such party or its legal representative
drafted such provision.

         19. Notice. Any notice, request, approval, consent, demand or other
communication hereunder shall be effective if in writing and upon the first to
occur of the following: (i) upon receipt by the party to whom such notice,
request, approval,
<PAGE>

consent, demand or other communication is being given; or (ii) three (3)
business days after being duly deposited in the U.S. Mail, certified, return
receipt requested, and addressed as follows:

                           EXECUTIVE:      Ralph Wesley Brewer
                                           112 Spruce Court
                                           Greenwood, SC 29649

                           CORPORATION:    Community Capital Corporation
                           -----------     1402-C Highway 72
                                           Greenwood, SC 29649
                                           Attn: William G. Stevens

The parties hereto may change their respective addresses by notice in writing
given to all other parties to this Agreement.

         20. Entire Agreement. This Agreement contains the entire agreement and
understanding by and between the Corporation and the Executive with respect to
the subject matter hereof and supersedes all prior and contemporaneous, written
or oral agreements and representations between the parties with respect hereto.

         IN WITNESS WHEREOF, the Corporation and the Executive have duly
executed this Agreement under seal to be effective as of the day and year first
above written.

IN THE PRESENCE OF:                      CORPORATION:
                                         -----------

                                         COMMUNITY CAPITAL CORPORATION
---------------------------------
Witness  (SEAL)

                                         By:   /S/ W.G. STEVENS
---------------------------------              ----------------
Witness                                        Its: C.E.O.

                                               EXECUTIVE:
                                               ----------

                                         By:   /S/ RALPH WESLEY BREWER   (SEAL)
---------------------------------              ---------------------------
Witness                                        Ralph Wesley Brewer

---------------------------------
Witness

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