THIS EMPLOYMENT AGREEMENT (the Agreement) is entered into this 10 th day of June, 2005, between
FACTS Management Co., a Nebraska Corporation ( “FACTS” ), and Timothy A. Tewes ( “EXECUTIVE” ).
W I T N E S S E T H:
WHEREAS, the parties desire to enter into this Agreement in order to assure FACTS of the services of the
Executive and to set forth the duties and compensation of the Executive on the terms and conditions set forth.
NOW, THEREFORE, in consideration of the mutual promises and covenants herein, the parties agree as
1. Employment . FACTS agrees to employ Executive and Executive accepts such employment upon the
terms set forth in this Agreement.
2. Term . The term of this Agreement shall be for a period of five (5) years, commencing upon the date of
the execution of this Agreement. Upon the expiration of the initial five-year term, this Agreement shall be
automatically renewed for successive one-year periods unless either party provides written notice to the other at
least 30 days prior to the expiration of the current term of its/his intention not to renew, or unless terminated as
3. Duties . Executive agrees to perform the duties of the position or office which the President/CEO or the
Board of Directors of FACTS shall designate from time to time consistent with his position. Executive shall devote
his full business time, attention, ability and energy to the business of FACTS; provided, however, that he may
engage in activities which are incident to his personal investments which do not materially affect his ability to
perform his duties hereunder.
4. Compensation .
a. Base Salary . For the first year of this Agreement, the Executive shall receive an annual base salary o
$250,000 per year, payable monthly, less applicable withholdings and other deductions as may be
b. Change of Base Salary . Any increases in Executive’s base salary shall be in the sole and absolute
discretion of the Pre