Exhibit 10(x)
AMENDMENT OF AGREEMENT
Reference is made to an Agreement (the "Agreement") dated as of August
17, 2001 among Xxxxx Corporation (the "Company"), Xxxxx X. Xxxxxxx ("Xx.
Xxxxxxx") and Xxxxx X. Xxxxxxx ("Xx. Xxxxxxx").
WHEREAS, the parties to the Agreement wish to amend it to terminate
certain of their respective obligations thereunder.
NOW, THEREFORE, in consideration of the premises and the mutual agreements
contained herein, the parties agree as follows:
1. Sections 2, 5, 6 and 7 of the Agreement shall be, and they hereby are,
deleted therefrom, and the parties shall have no further obligations under or in
respect of said Sections 2, 5, 6 and 7. The parties acknowledge and agree that
this Amendment terminates the Company's obligation to grant the Option (as
defined in Section 2 of the Agreement) which was intended to be granted to Xx.
Xxxxxxx but which had not been accepted by Xx. Xxxxxxx or submitted to the
shareholders of the Company for their approval.
2. All other terms and provisions of the Agreement are hereby ratified and
confirmed.
IN WITNESS WHEREOF, the parties have signed this Amendment as of this 7th
day of February, 2002.
/s/ XXXXX X. XXXXXXX
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XXXXX X. XXXXXXX
/s/ XXXXX X. XXXXXXX
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XXXXX X. XXXXXXX
XXXXX CORPORATION
By: /s/ XXXXXXX X. XXXXXX
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XXXXXXX X. XXXXXX
