ADDENDUM TO EMPLOYMENT AGREEMENT
Exhibit 10.48
ADDENDUM TO EMPLOYMENT AGREEMENT
This agreement (”Agreement”) is an addendum to the employment agreement (“Employment Agreement) dated as of May 6, 2010, between XXXXX XXXXXXXX GROUP B.V., a private limited liability company organized under the laws of the Netherlands and XXXX XXXXXXX (together the “Parties”), signed on November 1, 2010.
The Parties and PRINCE 1 B.V., a private limited liability company organized under the laws of the Netherlands,
AGREE that with an immediate effect PRINCE 1 B.V. takes over XXXXX XXXXXXXX GROUP B.V.’s rights and obligations arising from the Employment Agreement, and that as a result XXXX XXXXXXX is, from this moment on, employed by PRINCE 1 B.V.;
After the take-over as outlined above, the Parties will have no claims against each other and grant each other full and final discharge (finale kwijting) in respect of any rights and obligations arising from the Employment Agreement;
IN WITNESS WHEREOF, the Parties and PRINCE 1 B.V. hereto have duly executed this agreement.
XXXXX XXXXXXXX GROUP B.V.
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By: /s/ Xxxx Xxxxxxx
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/s/ Ludo Onnink
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Name: Xxxx Xxxxxxx
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Name: Ludo Onnink
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Title:
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Date: December 31, 2010
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Date: : December 31, 2010
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PRINCE 1 B.V.
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By: /s/ Xxxx Xxxxxxx
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/s/ Ludo Onnink
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Name: Xxxx Xxxxxxx
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Name: Ludo Onnink
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Date: : December 31, 2010
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Date: : December 31, 2010
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/s/ Xxxx Xxxxxxx
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Xxxx Xxxxxxx
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Date: December 31, 2010
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