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ADDENDUM TO XXX XXXXXX EMPLOYMENT AGREEMENT
AMENDMENT TO EMPLOYMENT - ROYALTY AGREEMENT
This amendment, effective as of December 31, 1996, is incorporated as a part of
the EMPLOYMENT - ROYALTY AGREEMENT between International Isotopes Inc. and Xxx
Xxx Xxxxxx. The agreement has an effective date of November 1, 1995, and was
entered into on the 16th day of November, 1995.
Whereas, Section I., Employment; Salary, Royalties and Benefits provided for the
payment of Compensation at the rate of $100,000 for the period November 1, 1995
to October 31, 1996 and for $100,000 for the period November 1, 1996 to October
31, 1997, such compensation for the period November 1, 1995 to December 31, 1996
was calculated to be $137,487.06.
This amendment shall serve as an agreement between I.L. Xxxxxx and International
Isotopes to modify the terms for the purpose of eliminating any compensation for
the period November 1, 1995 to December 31, 1996. The employee agrees to waive
any rights related to compensation for the period from November 1, 1995 to
December 31, 1996 excluding royalties and benefits which may be realized in the
future.
As described in Section VII. Miscellaneous, Item 4. Entire Agreement; Amendment,
this amendment shall be binding upon both parties if the amendment is made in
writing and signed by the parties concerned or by duly authorized representative
of such party. IN WITNESS WHEREOF, the parties have executed this agreement as
of the date and year first above written.
INTERNATIONAL ISOTOPES INC.
By: /s/ Xxxxxx Xxxxxxx
Title: Senior Vice President
EMPLOYEE: /s/ Xxx Xxx Xxxxxx
Xxx Xxx Xxxxxx
Chairman
