EMPLOYMENT AGREEMENT
After discussion, the Board of Directors have determined an agreement to employ
Xx. Xxxxx X. Xxxxxxx until December 31, 2000 as its Chief Executive Officer. His
employment will be conducted under contract services with his present employer,
NotesETC, Inc. until such time ("Milestone") that TMGUSA either begins sale of
Remune product or is approved for public trading of its common shares in the
United States equity market as a reporting company; after this time, he will be
directly employed by TMGUSA on a full time basis.
Until Milestone, his compensation will be at a rate of $250 per hour but not to
exceed 60 hours per month ($15,000).
After Milestone his monthly salary will be $35,000 per month.
The employment is "At Will" and may be terminated at any time by the Company.
Xx. Xxxxxxx is highly compensated due to his unique record in business and
sciences. His hourly rate for services before Milestone is considered average to
below average for a professional with a doctorate degree and over ten years
management experiences. His post Milestone salary is competitive in the
bio-technology field and considered average.
Approved by the Board of Directors, TMGUSA, Inc.
/s/ Xxxx Xxxxxxxxxxxxxx
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/s/ Xxxxxxxx Xxxxxxxxxxxxxx
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/s/ Xxxxxxxx Xxxxxxxxxxxxxx
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/s/ Xxxxxxxxx Xxxxxxx
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Secretary
