EXHIBIT 10.2
AMENDMENT NO. 1 TO
EMPLOYMENT AGREEMENT
AMENDMENT NO. 1 dated as of November 1, 1998 to the Employment
Agreement dated November 1, 1998 between JLM Couture, Inc., a
Delaware corporation (the "Company"), with offices at 000 Xxxx 00xx
Xxxxxx, Xxxxx Xxxxx, Xxx Xxxx, XX 00000, and Xxxxxx Xxxxx, an
individual with a residence set forth on Schedule A attached hereto
(the "Employee").
W I T N E S S E T H
WHEREAS, the Company has employed the Employee as an exclusive
designer of bridal gowns and related apparel (the "Products")
pursuant to the terms of an Employment Agreement between the
Company and the Employee dated November 1, 1998 (the "Agreement");
and
WHEREAS, the Company and the Employee desire to amend the
terms of the Agreement upon the terms and conditions stated herein.
NOW, THEREFORE, in consideration of the mutual covenants,
conditions and promises contained herein, the parties hereby agree
as follows:
1. Amendment to Paragraph 5. Section 5(i) of the
Agreement is amended as follows:
5. Compensation. For the full, prompt and faithful
performance of all of the duties and services to be performed by
Employee hereunder, the Company agrees to pay, and Employee agrees
to accept, the amount set forth below.
(i) If the Employee is employed by the Company on
January 1, 1999, then the Company shall issue the Employee as a
bonus for no additional compensation the consideration set forth in
Paragraph (a) of Schedule B attached hereto and made a part hereof.
In the event that Employee voluntarily terminates his employment
with the Company or the Employee's employment is terminated for
cause (as defined in the Agreement) by the Company, then the
Employee shall return to the Company the amount of additional
compensation paid to the Employee pursuant to Schedule B as set
forth in Paragraph (b) of Schedule B."
2. Supersedes Prior Agreement. The foregoing
provisions shall control and supersede the relevant provisions of
the Agreement, which, in all other respects, shall otherwise remain
in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be executed as of the date first above written.
JLM COUTURE, INC.
By:/s/Xxxxxx X. Xxxxxx
Xxxxxx X. Xxxxxx, President
/s/Xxxxxx Xxxxx
Xxxxxx Xxxxx
