EMPLOYMENT AGREEMENT
BETWEEN
THE TIREX CORPORATION
▇▇▇ ▇▇. ▇▇▇▇▇▇▇ ▇▇. #▇▇▇
▇▇▇▇▇▇▇▇ (▇▇) ▇▇▇▇▇▇ ▇▇▇ ▇▇▇
and
▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, PH.D.
5755 Blv Payer, St. ▇▇▇▇▇▇ (Qc) Canada J3Y 1K4
(as of October 15th, 1997)
o Full time position as of October 15th 1997
o 85,000$/year;
o 3 weeks paid holidays (1st year), 4 weeks 2nd and subsequent years;
o Conference, book + periodical subscription expenses (amounts to be
discussed);
o Laptop computer;
o Possibility of being involved in TCS-1 sales (target #1: Latin America,
terms to be discussed);
o 60 day phase-out period in order to complete `non-Tirex' projects
currently under way;
o 90 day notification of employment termination for each party, if deemed
unavoidable;
o life + disability insurance (amounts, terms + potential coverage to be
discussed, as soon as a program is implemented within the Company;
o performance evaluation every 6 months
NOTE: Agreed with ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇, CEO, in October 1997; effective ever
since.