EX-10.1 2 paceth_8kex10-1.txt Exhibit 10.1 DESCRIPTION OF EMPLOYMENT ARRANGEMENT WITH WILLIAM G. LANGLEY Mr. Langley's compensation is to be $20,000 per month, earned and payable semi-monthly. If the Company terminates Mr. Langley for other than cause during the first 120 days of his employment, he will be entitled to addition compensation equal to $4,000 for each month served. He will not be afforded any additional benefits other than he will accrue vacation at a rate of 1.67 days per month.