Summary of Oral Employment Agreement with Robert K. Oldham M.D.

     Robert K. Oldham M.D., is a principal  shareholder of Cancer  Therapeutics,
Inc. Dr.  Oldham is the CEO and a member of the board of  directors.  Dr. Oldham
does not receive a salary, and does not accrue salary.  Cancer  Therapeutics and
Dr.  Oldham have not entered  into a written  employment  agreement,  and either
Cancer Therapeutics or Dr. Oldham may terminate their oral employment  agreement
at any time, for any reason or for no reason.

     Dr. Oldham does not receive any health,  dental or life insurance benefits,
and he does not  receive  any  retirement  or  severance  benefits  from  Cancer
Therapeutics.