EX 3.10(z)
[MICROFLUIDICS LETTERHEAD APPEARS HERE]
December 31, 1998
Xxxxx Xxxxxxxxx
00 Xxxxxxxxxx Xxxx
Xxxxxxx, XX 00000
Dear Xx. Xxxxxxxxx:
This will confirm our Agreement concerning your compensation as
chairman and CEO of MFIC.
Subject to approval by the board, we will pay you at a base rate of
$95,000 per year, beginning January 1, 1999, subject to reductions
and other changes imposed on executives at the December 21, 1998
board meeting ($76,000 on 1/1/99). You will participate in a bonus
pool, if any, for management employees. You agree that MFIC will
withhold money from your compensation to pay appropriate taxes. You
will be included in MFIC's insurance and medical programs as in
past years, at no cost to you, as part of your compensation.
MICROFLUIDICS INTERNATIONAL, INC.
/s/ Xxxxxxx X Xxxxx /s/ Xxxxx Xxxxxxxxx
------------------------------- ------------------------
Xxxxxxx X Xxxxx, President Xxxxx Xxxxxxxxx
for myself
/s/ Xxxxx Xxxxxxxxx
-------------------------------
Xxxxx Xxxxxxxxx, CEO, Chairman
[MICROFLUIDICS LETTERHEAD APPEARS HERE]
