EXHIBIT 3.10(s)
Xxxxx X. Xxxxxxxxx December 31, 1997
00 Xxxxxxxxxx Xxxx
Xxxxxxx, XX 00000
Dear Xx. Xxxxxxxxx:
This will confirm our Agreement concerning your compensation as Chairman and CEO
of MFIC, and charges you will incur in connection with your activities for G & G
Diagnostics Corporation.
You may maintain an office in our premises at 00 Xxxxxxx Xxxx and will pay MFIC
$900.00 per month for space, incidental administrative support, minor supplies
usage, and limited use of telephone and copying resources. You will reimburse
MFIC for express charges, outside accounting held and materials and services
purchased through our system.
Subject to approval by the Board, we will pay you at a rate of $95,000 per year,
beginning January 1, 1998. 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.
Xxxx Xxxx will be an employee of MFIC. He will be available to G&G on a
half-time basis, and G&G will reimburse 50% of his salary, fringes and tax costs
to MFIC on a quarterly basis, subject to a maximum cost to MFIC of $45,000.
MICROFLUIDICS INTERNATIONAL, INC.
--------------------------------- ---------------------------------
Xxxxxxx Xxxxx, President Xxxxx Xxxxxxxxx
for myself and as
President, G&G
--------------------------------- Diagnostics Corp.
Xxxxx Xxxxxxxxx, CEO, Chairman
