ACCELR8 TECHNOLOGY CORPORATION
WITH THOMAS V. GEIMER
This Employment Agreement is made and entered into this 1st day of December, 2002, by and between Accelr8
Technology Corporation, a Colorado corporation (the "Company"), and Thomas V. Geimer, 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 agree as follows:
1. Employment. The Company hereby employs Executive as its Chairman of the Board of Directors, Chief
Executive Officer, Chief Financial Officer, and Secretary.
2. Term. The term of this Agreement shall be for a period of five (5) years and one (1) month effective as of
December 1, 2002, and ending on December 31, 2007 (the "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 (the
"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 Renewal Term.
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 One Hundred Sixty Five Thousand Dollars ($165,000) per year (the "Base Salary"). The Base
Salary shall be payable in equal, consecutive monthly installments. Payment of the Salary shall be subject to the
customary withholding tax and ot