Manager - Sequenom Gesellschaft fur Genomanalytik mbH and Karsten Schmidt

MANAGER EMPLOYMENT CONTRACT

between SEQUENOM Gesellschaft fur Genomanalytik mbH, Mendingehstr. 15d22761 Hamburg, Germany (hereinafter referred to as the "Company") and Dr. Karsten Schmidt, Brauweilerstrasse 4950259 Pulheim, Germany (hereinafter referred to as the "Manager")

• The Manager has been appointed as the Managing Director of the Company effective 5/1/99 by shareholder resolution dated 4/30/99.
• The Manager shall conduct the business of the Company with the degree of care of an ordinary businessman and conscientiously satisfy the obligations and duties assigned to him by statute, the articles of incorporation and the instructions issued to him by the general meeting of shareholders pursuant to the articles of incorporation, as well as the obligations and duties assigned to him by the by‑laws for management, if such by‑laws exist, and this contract.

• The Manager shall represent the Company judicially and extrajudicially.
• He shall represent the Company in accordance with the articles of incorporation.
• Within the internal relationship between the parties, the Manager shall comply with the restrictions imposed upon him by the Company's articles of incorporation and, in particular, obtain the necessary consent of the general meeting of shareholders prior to the submission of legal declarations within the meaning of (S) 12 (4) of the articles of incorporation.
• The Manager shall be bound by resolutions of the general meeting of shareholders.
• The general meeting of shareholders shall be entitled at all times to declare that transactions and measures beyond the transactions covered in paragraph 2 require consent as a general matter or in individual cases.
• All measures which are beyond the ordinary course of business shall require the prior consent of the general meeting of shareholders.
• The Manager shall provide the shareholders with the necessary documents concerning the Company's course of business in accordance with the applicable reporting system.
• He shall report directly to the shareholders concerning all matters in accordance with the articles of incorporation.

This contract shall begin when the Manager is appointed as the manager and shall end at the end of the month in which the Manager reaches the age of 65.

• Both parties may terminate this contract upon notice of 6 months effective at the end of the relevant calendar quarter (regular termination). Regular termination of this contract at a point in time prior to April 30, 2000, shall be barred.
• Termination of this contract by either party for good cause shall remain unaffected. Good cause shall specifically exist for the Company if the Manager violates the provisions of this contract or the restrictions with respect to management imposed upon him within the internal relationship of the parties.
• Following dismissal under corporate law, the Company shall be entitled, at its election, to release the Manager until the end of the employment relationship or entrust him with different duties which may be viewed as reasonable in light of the Manager's professional qualifications.
• Termination must be effected via registered mail.

• As remuneration for his activities, the Manager shall receive a gross salary in the amount of DM , payable in 12 equal monthly sums at the end of the month, with retention of the statutory deductions. The gross salary shall be reviewed reasonably and adjusted annually; this shall take place for the first time on May 1, 2000.
• The remuneration defined herein shall constitute payment for the entirety of the Manager's activities. Additional work, as well as work on Sundays and holidays, shall not be separately remunerated.
• There is no pension commitment.
• For a transition period of a maximum of one year, the Company shall reimburse the Manager for the expenditures incurred for a second place of residence in Hamburg. For this purpose, the Company shall provide a Company‑owned apartment at Neumunster Strasse 22, 20251 Hamburg, at no charge.
• For the move from Pulheim to Hamburg (or the surrounding area), the Company shall reimburse the costs incurred (upon…