This Employment Agreement is made and entered into effective this 1st day of December, 1999, by and between
Accelr8 Technology Corporation, a Colorado corporation (the "Company"), and Harry Fleury, an individual
A. The Company desires to be assured of the association and services of Executive for the Company.
B. Executive is willing and desires to be employed by the Company, and the Company is willing to employ
Executive, upon the terms, covenants and conditions hereinafter set forth.
NOW, THEREFORE, in consideration of the mutual terms, covenants and conditions hereinafter set forth, the
parties hereto do hereby agree as follows:
1. Employment. The Company hereby employs Executive as its President.
2. Term. The term of this Agreement shall be for a period of twenty-four months commencing on December 1,
1999, and ending on November 30, 2001 ("Initial Term"), unless terminated earlier pursuant to Section 7 below;
provided, however, that Executive's obligations in Sections 6 and 8 below shall continue in effect after such
termination. This Agreement shall be automatically renewed for successive one year periods ("Renewal Term")
unless, at least 90 days prior to the expiration of the Initial Term or any Renewal Term, either party gives written
notice to the other party specifically electing to terminate this Agreement at the end of the Initial Term or any such
3. Compensation; Reimbursement.
3.1 Base Salary. For all services rendered by Executive under this Agreement, the Company shall pay Executive
a base salary of Seventy Five Thousand Dollars ($75,000) per year (the "Base Salary"). Base Salary shall be
payable in equal, consecutive monthly installments; provided, however, that no Salary shall be paid to Executive
under this Agreement for any period subsequent to the termination of Executive's employment unless otherwise
provided for herein. Payment of the Salary shall be subject to the customary