EXHIBIT 10.2
AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
THIS AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT is made as of August 2,
1999 by and between SKYNET HOLDINGS, INC., a Delaware corporation (the
"Company") and XXXXXXXXX XXXXX, an individual (the "Executive").
W I T N E S S E T H
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WHEREAS, the Company and the Executive are parties to an Employment
Agreement dated as of October 14, 1998 (the "Employment Agreement"); and
WHEREAS, the Company and the Executive desire to revise the Employment
Agreement as set forth herein.
NOW, THEREFORE, in consideration of the mutual premises and covenants
of the parties contained in this Agreement, the parties hereto do hereby agree
as follows:
1. Employment and Term
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The first sentence of Section 1.A of the Employment Agreement is
hereby revised to provide in its entirety as follows:
"The Company hereby employs Executive and Executive hereby accepts
employment by the Company as its President and Chief Operating
Officer."
2. Duties.
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Section 2 of the Employment Agreement is hereby amended to provide in
its entirety as follows:
"During the Term, Executive shall use his best efforts to perform
all duties required in furtherance of his position."
3. The parties hereto agree that all other terms and conditions of
the Employment Agreement shall continue in full force and effect.
4. This Amendment may be executed in counterpart and the counterpart,
taken together, shall constitute the entire Amendment. The Amendment may be
executed and delivered by facsimile transmission, and the facsimile signatures
may be deemed original signatures for all purposes, including for purposes of
the Best Evidence Rule and all other rules and doctrines of similar effect.
IN WITNESS WHEREOF, the undersigned have caused this Amendment to be
executed on the date first above written.
SKYNET HOLDINGS, INC.
By: /s/ XXXXX XXXXX
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Xxxxx Xxxxx
Chairman
/s/ XXXXXXXXX XXXXX
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Xxxxxxxxx Xxxxx
