TSR INC. AND SUBSIDIARIES
FORM 10-K MAY 31, 2004
AGREEMENT effective this 1st day of June, 2004 by and between TSR, Inc., a Delaware corporation, with
offices at 400 Oser Avenue, Hauppauge, New York 11788 (hereinafter called the "Corporation") and Ernest G.
Bago, (hereinafter called "Executive").
W I T N E S S E T H :
WHEREAS, the Corporation desires to employ Executive and Executive is willing to undertake such employment
on the terms and subject to the conditions hereinafter set forth.
NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties hereto agree as
1. The Corporation hereby employs Executive as President of TSR Consulting Services, Inc. or such other
position as he may be appointed to by the Chairman of the Board of Directors, to perform such duties on behalf
of the Corporation and TSR Consulting Services, Inc. as the Chairman may from time to time determine.
2. Executive hereby accepts such employment and agrees that throughout the period of his employment
hereunder, he will devote his full time, attention, knowledge and skills, faithfully, diligently and to the best of his
ability, in furtherance of the business of the Corporation and to promote the interest of the Corporation, will
perform the duties assigned to him pursuant to Paragraph 1 hereof, subject, at all times, to the direction and
control of the Chairman of the Board of Directors of the Corporation and the Corporation's Board of Directors.
Executive shall at all times be subject to, observe and carry out such rules, and regulations as the Corporation
from time to time shall establish. During the period of Executive's employment hereunder, Executive shall not be
entitled to additional compensation for serving in any office of the Corporation or any of its subsidiaries to which
he is elected, including without limitation as a director of the Corporation.
3. Executive shall be employed for a term of three (3) years commencing as of