THIS EMPLOYMENT AGREEMENT (this "Agreement") is made and entered into effective as of [October 1,
2001] (the "Effective Date"), by and between LIQUIDMETAL TECHNOLOGIES, a California corporation
(the "Company"), and David G. Binnie (the "Employee").
WHEREAS, the Employee desires to be employed, by the Company upon the terms and conditions set forth in
this Agreement; and
WHEREAS, the Company desires to assure itself of the Employee's continued employment in the capacities set
NOW, THEREFORE, in consideration of the foregoing recitals and for other good and valuable consideration,
the parties hereto covenant and agree as follows:
1. EMPLOYMENT. The Company hereby employs Employee, and the Employee hereby accepts such
employment, upon the terms and conditions set forth in this Agreement.
2. TERM. Subject to the terms and conditions of this Agreement, including, but not limited to, the provisions for
termination set forth in
Section 5 hereof, the employment of the Employee under this Agreement shall commence on the Effective Date
and shall continue through the close of business on the Fifth Anniversary of the Effective Date (the "Initial Term").
Upon the expiration of the Initial Term, the Employee's employment with the Company will continue on an "at-
will" basis and may be terminated by Employee or the Company for any reason and at any time, provided that the
terminating party shall provide at least thirty (30) days prior written notice of the termination to the other party
(unless the termination is pursuant to clause (2), (3), or (4) of
Section 5(d), in which case the Employee's employment may be terminated immediately).
3. DUTIES. Employee will initially serve as Senior Vice President for Human Resources of the Company. The
Employee will devote Employee's entire business time, attention, skill, and energy exclusively to the business of
the Company, will use the Employee's best efforts to promote the success of the Compan