B TWELVE LIMITED.
(hereinafter referred to as the "Company")
DR. URI SAGMAN
(hereinafter referred to as the "Executive")
WHEREAS the Company is a wholly owned subsidiary of B Twelve Inc., a corporation existing under the laws
of the State of Florida; and
WHEREAS the Company is desirous of employing the services of the Executive and the Executive is desirous of
providing his services to the Company on the terms and in accordance with the provisions hereinafter set forth;
WHEREAS the Company acknowledges that the Executive has other activities: he is a Director, President and
Chief Executive Officer of GRN International Inc., a contract research organization and C Sixty Inc., a
NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the services, payments,
terms, provisions and covenants hereinafter set forth, the parties agree as follows:
1. The Company hereby engages the Executive as Chairman and Chief Scientific Officer. The Executive will
devote a sufficient portion of his business time and effort to carry out the performance and duties as reported in
Schedule A, attached hereto, and under this agreement and shall conform to all lawful instructions and directions
given to him by the Board of Directors of the Company.
2. This agreement shall commence June 1, 2001 and continue for a period of two (2) years until May 31, 2003 at
which time it shall come to an end unless earlier terminated in accordance with the terms of this agreement.
3. In consideration of the services performed by the Executive, the Company shall pay to the Executive an annual
salary in the amount of C$100,000.00, commencing upon such date as the parent company successfully raises
funds in the amount of US$1,500,000.00, to the satisfaction of the Company's payments until this objective is
achieved. The Executive shall also receive options in accordance with the Option Agreement attached hereto.
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