THIS AGREEMENT is made the 15th day of February 2001



BETWEEN



VIRAGEN (SCOTLAND) LIMITED, Pentlands Science Park, Bush Loan, Penicuik,

Midlothian, EH26 0PZ, Scotland



AND



PROFESSOR WILLIAM H. STIMSON, 7 Lawn Park, Milngavie, Glasgow, G626HG, Scotland



WHEREAS:



Professor WH Stimson (herein after known as "WHS") is to provide an advisory

service and a project service to Viragen (Scotland) Limited (herein after known

as "VSL") and its affiliates upon and subject to the terms set out below.



NOW IT IS HEREBY AGREED as follows:



1.       APPOINTMENT



         VSL hereby appoints WHS who here by agrees to act as the Consultant

         upon and subject to the terms set out below.



2.       CONSULTANT'S OBLIGATIONS



         2.1      WHS will provide VSL and its subsidiaries advice on matters

                  relating to the research, development and manufacture and of

                  OMNIFERON (TM) and other products where there is no

                  pre-existing conflict of intereSt and to provide advice on the

                  projects contained in the schedule to this agreement.



         2.2      WHS agrees to provide these services to VSL for a minimum of

                  day each month (or more as from time to time may be agreed).

                  WHS also agrees to provide advice at other times, as may be

                  required, and to respond to such requests within a reasonable

                  time.



         2.3      WHS will provide the services to the standard of skill,

                  integrity and reliability which could reasonably be expected

                  from a consultant with skills and qualifications held by the

                  consultant.









{PAGE}   2



         INFORMATION



         WHS shall provide to VSL upon request written reports of his activities

         on VSL's behalf. WHS shall also upon request be available for meetings

         with VSL and its parent Viragen, Inc. (herein after known as "VRA").



3.       CONFIDENTIALITY



         3.1      WHS will operate under the Viragen Confidentiality Agreement

                  dated 24 June 1999 and attached to this document as an

                  Appendix 1.



4.       FEES AND EXPENSES



         4.1      As consideration for the provision of the advisory services

                  referred to in paragraphs 2.1, 2.2 and 2.3 above, VSL shall

                  pay to WHS a retainer fee of (pound)700.00 per day payable in

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC