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EXHIBIT 10(b) 2
AMENDMENT TO EMPLOYMENT CONTRACT
(XXXXXX MC MINN)
That certain Employment Contract between Employer, AIR PACKAGING TECHNOLOGIES,
INC., and Employee, XXXXXX MC MINN, formerly President and Chief Executive
Officer, dated July 1, 1998 (the "Agreement"), is hereby amended in the
following respects, effective as of June 1, 1999 (numbers represent the Section
numbers in the Agreement):
1. Term: The term of this Agreement shall run through May 31, 2000, and
then automatically terminate on its own accord.
3. Title and Description of Duties: Employee shall serve as a consultant
to the corporation, from time to time, or on an "as needed" basis.
Employee, at his option, may perform these services from Vancouver,
Canada.
5. Salary: Monthly salary shall be fixed at $5,000 per month, effective
June 1, 1999, payable on or before the 15th of each month.
7. Vacation: Provision deleted. Employee will be on call for consulting
services, but not required to contribute any particular number of
hours a week or a month to the Employer's business.
8. Sick Pay: Provision deleted.
9. Car Allowance: Provision deleted.
10. Business Expense: When Employee is performing services for Employer
at Employer's written request in the Southern California area, or
another locale at Employer's written request different from Vancouver,
Employer shall pay Employee all actual business and travel expenses
incurred.
15. Stock Options: All stock options held by Employee (totalling
1,150,000 options at this date and each exercisable at an exercise
price of $0.15 per share) shall continue for a period of six months
after the end of the term of this Agreement, and shall expire if not
exercised on or before November 30, 2000.
16. Termination for Cause: Provision deleted.
17. Termination Without Cause: Provision deleted.
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EXHIBIT 10(b) 2
(continued)
18. Termination by Employee: Provision deleted.
19. Effect of Termination Upon Compensation: Regardless of whether
Employee's services are terminated, and regardless of reason,
Employee or his heirs, shall be entitled to receive the compensation
provided for herein for the full term of this Agreement, or through
May 31, 2000, and shall be entitled to exercise Employee's options
through November 30, 2000.
EMPLOYER EMPLOYEE
AIR PACKAGING TECHNOLOGIES,
INC., a Delaware corporation
By /s/ ILLEGIBLE SIG /s/ XXXXXX MC MINN
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Date 6/10/99 Date June 10, 1999
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