Transition And Consulting Agreement

Jeremy Lyon @ 18-12-2020

Resignation of the position of General Manager. Mr. Chishti and the company acknowledge and accept that Mr. Chishti will resign as CEO of the company with effect when hiring a new Chief Executive Officer (the “resignation date”). In this regard, Mr. Chishti agrees that he will do his best to help the company convert the day-to-day management of the company to the new Chief Executive Officer of the company and cooperate with him, meeting with the new Chief Executive Officer, as he reasonably requests, and responding to inquiries directed at Mr. Chishti (including on Pakistan and Europe) about the company`s past activities. , its technologies, its plans for the future, its key collaborators, problems that may be coming for the company and that offer them solutions, and similar issues, and encouraging current key employees to help and collaborate with the new Chief Executive Officer and making introductions to key suppliers and customers with whom Mr. Chishti is familiar (the “Transition Process”) Mr. Chishti acknowledges and accepts that, in the event of non-compliance with its obligations to the company as part of the CEO`s transition process or acts relating to the activities of the company that are not acts requested (as defined in paragraph (a) of Section 2, such a failure or act is a cause event (as defined in Section 3 c) for the termination of his position as Chairman of the Board of Directors and board contract after termination and the date of termination of the Company`s commitments to it from that agreement or otherwise. b) compensation. As Chairman of the Board of Directors, Mr. Chishti receives a monthly allowance of $25,000 (US$300,000 on an annualized basis).

Under the terms of the share option granted to Mr. Chishti by the Company on January 4, 2001 (the “first option”), the first option shares will continue to be retained, while Mr. Chishti will remain an advisor to the company. In addition, the parties agree and acknowledge that the granting to Mr. Chishti on February 8, 2002, of an option for non-legal shares for the total amount of 200,000 common shares of the Company (the “New Option”) took place, the option of which has an exercise price equal to the fair value of the Company`s common shares at the time of the award.

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