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Draft 2/8/88 (Letterhead) Center for Indoor Air Research, Inc. . Irwin H. Billick 456 Sutherland Lane Prospect Heights, Illinois 60070 Dear Mr. Billick: This Letter Agreement between yt:!u and the Center for Indoor Mr Research, Inc. (t't "Corporation") sets fo. h the terms of your employment by the Corporation. 1. You shall be employed as Executi4• Direet.or of the Corporation and shall be directly answerablr to the !-c:ard of Directors of the Corporation. ycu shall be iespojaiblc :c-- the day-to-day activities of the Corporation, as well as f0t the monitoring of research projects and the presentation r".'. research results to various groups when necessary. You sh;:; .. have the responsibility of maintaining the bookt of acco°...'. ,nnd r<cords of the Corporation, including t.he preparati, . : f . hi6-get durinc the fourth quarter of each year aettine F:~rtt, a-dtninistrative expenses includi.ng ~ : the next calendar year and presenting tiuch k~ud9t:': ~ Pc.~ ~•d pf Di:rcctors. You shr>' _ F,r,t:,=:.r_nt the budgets of propose~, L't ~ IE'Gearch prc aFC:t~., ~.: the 7' ...: "? Directors for its approval. kt:~~i ilIC= 7 ='_ Tt l•l47 0 :T, 8'-T tf:J:fl iliJHS

2 You shall chair and call all meetings of the Corporation's Research Advisory Council. You also shall perform such other functions and duties and accept such other responsibilities as may be assigned to you by the Board of Directors. You also shall serve, so long as the Board of Directors so instructs, as Secretary-Treasurer of the Corporation and shall be responsible for the duties described in Section 4.4 of the Corporation's bylaws. 2. The Corporation agrees to employ you for the period from MarCh 15, 1988 (referred to as the "Effective Date") through March 14, 1992 (such period referred to as the "Employment Period"), unless this Letter Agreement is terminated earlier as provided for herein~. 3. This Agreement may be terminated at any time if you refuse or substantially neglect, or are unable for any period of 90 days, to perform the duties assigned to you or if you (a) misappropriate any funds or property due the Corporation; (b) attempt to obtain any personal profit from any transaction involving the Corporatioa; or (c) are convicted of a felony. In the event of termination for any 0z' tr,e fQxegoing reasons you shall be entitled to compen:",.e;,ioir uf..t: a the ef'z'-e of termination. 4. This Agreement also may be terminated at any time without ctuse, and without regard to pYra;graph 3 above, :)y you or by uhe Corpojation upon the giving of thirty (30) dzvs' written notice. In the event the Cc,rporation decides ro 2 q:-_ C-1 i1I= : Id,~t'.o : T 8g-T,-_ . H ::b;:3 iiFG(_:. 2023553114

3 exercise its right of termination under this paragraph, you shall be entitled'to receive on the effective date of termination a payment fromithe Corporation equal to one (1) year's salary. Such payment shall constitute your exclusive remedy in the event.of termination under this paragraph. S. In consideration of your services, your compensationishaLl be at the rate of $120,000.00 per annum, payable in substantially equal monthly installments. The Board of Directors will review your compensation annually and in itF discretion revise it upward. The Corporation,will defray such reasonable and appropriate expenses as you may fncur in the performance of your duties. The Corporation will ~-A;J the initiation fees and annual dues during the !~m~•loyment Period for membership in a luncheon club to be selected by you and approved by the Board of Directors, as well as the annua7. dues for up to three airline clubs United Red Carpet Club). You shall be entitled to twenty (20) days of vacation with pay annually. You shall be entitled to participate in any benefit plans the Corporation establishes for its employees, including any retirement, life insurance, hospital and medical, and disability plan or plans, whether formal or informal. It is the intention that you shall have the same righ¢g and privilegen to participate in such plans or employee ber,e{:.ts a_; any other emplo;-ee. Initial benefits are as descr ibad in the attached Schedule A. These benef its are noL- to be diminished during the Employment Period, but they may be H :.~.fl 1~ 1B5 g=-T ~I t l,ld,~C1 : T ,.-

- 4 - revised at the discretion of the Board of Directors with your approval. 6. This Letter Agreement constitutes the entire agreement between you and the Corporatiwn, superseding any previous understandings, and'.the rights and liabilities of you and the Corporation shdll be governed exclusively by this Letter Agreement. This Letter Agreement shall be governed by and construed under the laws of the District of Columbia. Very truly yours, Center for Indoor Air Research By Accepted; Irw n H. 8 ll ck Date: .4 Name Chairman-of the 8oardd of Directors Directors t1::.9- Lr~G_ iilDO Ut° : 1-1.ASO:T E:g-T -_ .

BCHEDULE A CENTER FOR INDOOR AIR RESEARCH, INC. INITIAL EMPLOYEEHENEFITS Life Insurance Medical (family coverage) Long term disability Travel accident Pension Social Security Other Benefits Dental VSGation' Holidays Sic~ leave . COVERAGE 1-1/2 annual salary $100 deductible; 80% of next $2,000; $1,000,000 maximum $5,000 per month $250,000 Defined Contribution Plan Contribution formula: 9% of annual salAry up to Social Security taxable wage base; 14.7% of remaining salary Entrx and vestin : entry into plan after one 11) year of service; 33% vesting after one (1) year in plan, 661 vesting after two (2) years in plan, 100% vesting after three years in plan Standard To be added with second employee 20 days per year (no carryover) 10 days per year (no carryover) 12 days per year (no carryover) H': J.9 1t J35 'c,T~-T-~ -_ . '~ #:~rj 11j.=i71 =•=L'Tb : IJdSE1:T