EX-10 6 exhibit_10-4.txt RALPH BRIER COMPENSATION PACKAGE Exhibit 10.4 Ralph Brier Gig Harbor. WA Dear Ralph: Re: Compensation Package As we discussed. Visualant would like you to be its CEO for which it can offer the following compensation package. o 300,000 options to purchase stock at US $0.10 per share until August 15, 2009, vesting at the rate of 25,000 options at the beginning of each quarter commencing August 15, 2004. o 200,000 options to purchase stock at US $0.10 per share which wi11 be granted upon the successful achievement of mutually acceptable, to be determined, management objectives. o US$5,000.00 per month from August 15, 2004 to November 15, 2004, payable as a retainer in advance. o US$4,000.00 per month incentive to be paid in arrears between August 15, 2004 and November 15, 2004, upon the achievement of mutually agreed upon management objectives. o US$12,500.00 per month once the major financing has been secured. o Cash bonus to be negotiated based upon performance targets. o Benefits which are appropriate for the position. Please sign and return a copy of this letter to acknowledge your agreement. Yours very truly, /s/ Ronald P. Erickson ---------------------------- Ronald P. Erickson Chairman Accepted and agreed. /s/ Ralph Brier ---------------------------- Ralph Brier