AGREEMENT made as of April 27, 1999, between BIO-TECHNOLOGY GENERAL CORP., a Delaware
corporation with an office at 70 Wood Avenue South, Iselin, New Jersey 08830 (the "Company") and Virgil
Thompson, residing at ________________________________________ (the "Executive").
W I T N E S S E T H :
WHEREAS, the Company desires that Executive be employed to serve in a senior executive capacity with the
Company, and Executive desires to be so employed by the Company, upon the terms and conditions herein set
NOW, THEREFORE, in consideration of the premises and of the mutual promises, representations and
covenants herein contained, the parties hereto agree as follows:
The Company hereby employs Executive and Executive hereby accepts such employment, subject to the terms
and conditions herein set forth. Executive shall hold the office of President and Chief Operating Officer of the
Company, reporting to the Chief Executive Officer of the Company. As long as Executive is serving as President
of the Company, the Company will include Executive on management's slate of nominees for election as a
director of the Company.
The initial term of employment under this Agreement shall begin on May 3, 1999 (the "Employment Date") and
shall continue for a period of two (2) years from that date, subject to prior termination in accordance with the
terms hereof. Thereafter, this Agreement shall automatically be renewed for successive two-year terms unless
either party shall give the other ninety (90) days prior written notice of its intent not to renew this Agreement.
As compensation for the employment services to be rendered by Executive hereunder, including all services as an
officer or director of the Company and any of its subsidiaries, the Company agrees to pay, or cause to be paid,
to Executive, and Executive agrees to accept, an initial annual salary of $320,000, payable in equal installments in
accordance with Company practice. Ex