EXHIBIT 10.30
CPI AEROSTRUCTURES, INC.
000X Xxxxxxxxx Xxxxx
Xxxxxxxx, Xxx Xxxx 00000
As of January 1, 2003
Xx. Xxxxxx August
Chairman and President
CPI Aerostructures, Inc.
000X Xxxxxxxxx Xxxxx
Xxxxxxxx, Xxx Xxxx 00000
Dear Mr. August:
This letter will serve to amend the Employment Agreement ("Employment
Agreement") dated August 14, 2001 between you and CPI Aerostructures, Inc.
(except as herein amended, all other provisions of the Employment Agreement
shall remain in full force and effect).
1. The first sentence of Section 1.1 of the Employment Agreement shall be
amended to read as follows:
"The Company shall employ Executive from August 14, 2001 until December 31,
2001 as its Chairman of the Board ("Chairman"), President and Chief Executive
Officer ("CEO"), from January 1, 2002 until December 31, 2002 as its Chairman
and CEO, and from January 1, 2003 until December 31, 2004 as its Chairman, under
the terms hereof."
If satisfactory, please sign a counterpart of this letter in the place
below to confirm you agreement and return it to me.
Sincerely,
/s/ Xxxxxx X. Xxxx
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Xxxxxx X. Xxxx
Chief Financial Officer
AGREED:
/s/ Xxxxxx August
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Xxxxxx August
