Exhibit 10.8
AMENDMENT TO EXECUTIVE AGREEMENT
This Amendment, dated as of February 28, 1998, is made to the Executive
Agreement dated as of August 1, 1995 (the "Executive Agreement") between The
International Cornerstone Group, Inc., a Delaware corporation (the "Company"),
and Xxxxxx X. Xxxxxxx (the "Executive").
In consideration of the premises and the mutual agreements hereinafter set
forth, the Company and the Executive hereby agree that Section 1 of the
Executive Agreement shall be amended, effective as of January 1, 1998, to read
in its entirety as follows:
1. Duties. The Company hereby employs the Executive
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and the Executive hereby accepts employment by the Company
as Vice Chairman of the Company, upon the terms and subject
to the conditions set forth herein. The Executive shall have
such other tides and hold such other offices (either in
replacement of or in addition to the foregoing titles and
offices) as shall be agreed upon between the Executive and
the Company from time to time. The Executive shall, to the
best of his abilities, be responsible for new business
development (including mergers and acquisitions by the
Company and its affiliated companies) and play a role in
strategic planning and equity offerings, and shall undertake
such other duties consistent with his position as an
executive officer of the Company as shall be reasonably
specified from time to time by the Board of Directors.
During the term of this Agreement, the Executive and the
Company agree that the Executive shall be a member of the
Board of Directors of the Company.
The Executive Agreement, as modified by this Amendment, shall continue in
full force and effect in accordance with its terms.
This Amendment may be executed in counterparts, which together shall
constitute one and the same instrument.
Executed as of the date first written above.
THE INTERNATIONAL CORNERSTONE GROUP, INC.
By: /s/ Xxxxxxx X. End
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/S/ XXXXXXX X. END CEO
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(print name and title)
/s/ Xxxxxx X. Xxxxxxx
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XXXXXX X. XXXXXXX
