January 15, 1998
Xx. Xxxxx Xxxx, President
PROFORMIX SYSTEMS, INC.
00 Xxxxxxx Xxxx
Xxxxxxxxxx, Xxx Xxxxxx 00000
Re: Employment Agreement
Dear Xx. Xxxx:
This letter will set forth our agreement regarding the provision of
services by the undersigned to Proformix Systems, Inc. (the "Company") and the
payment therefore by the Company.
In consideration of the undersigned serving as the Company's Director of
Strategic Business Development for the period commencing on 1/1/98 and ending
5/31/98, the undersigned shall receive 100,000 shares of the Company's common
shares of stock to be registered by the Company as soon as may be practicable
pursuant to Form S-8 Registration Statement. Except for the foregoing, the
undersigned shall not receive any additional compensation for such services
which in all cases such services shall automatically terminate on May 31, 1998.
If the forgoing properly reflects our understanding, please so indicate
and date this agreement in the space provided below and return one fully execute
copy for my files. After the counter-execution of this Agreement, kindly issue
and forward the necessary Company stock certificates as recited above.
An additional copy of this agreement is enclosed for your convenience.
Very truly yours,
BY: /s/ Xxxxx Xxxxxx
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Xxxxx Xxxxxx
AGREED AND ACCEPTED BY
PROFORMIX SYSTEMS, NC.
BY:/s/ Xxxxx Xxxx
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Xxxxx Xxxx, President
Dated: 1/16/98
