Legal Proceedings

EX-10.32 6 a94751exv10w32.txt EXHIBIT 10.32 EXHIBIT 10.32 ENDOCARE 7 Studebaker - Irvine - California 92618 EXTENDING LIFE EVERYDAY Tel: 949 ###-###-#### Fax: 949 ###-###-#### Email: ***@*** Web Site: www.endocare.org A Publicly Traded Company (NASDAQ:ENDO) MEMO To: Jerry Anderson From: Paul Mikus CEO & Chairman Date: June 10, 1999 - -------------------------------------------------------------------------------- I am pleased to offer you 175,000 shares of Endocare stock at a price of $5 1/8 per share. For the issuance of such shares, you will provide Endocare with a full recourse promissory note due in 4 years at approximately 5.3% interest due annually. In the event you have fulfilled your performance criteria noted below, on each anniversary date of your employment, 25% of the principal and interest amount of your promissory note to the Company will be forgiven. The performance criteria is as follows: On an annual basis, mutually agreed upon minimum performance targets have been achieved. 6-11-99 /s/ Jerry W. Anderson ----------------------------------- Jerry W. Anderson President A.M.P. V.P. Sales Endocare - - Page 1