EXHIBIT 10.3
RAPIDTRON
Date: August 12, 2003
To: Xxxx Xxxxx
From: Xxxxx Xxxxxxx
Subject: Amendment to Employment Agreement related to Stock Options
This will memorialize an agreement between Rapidtron, Inc. and Xxxx Xxxxx that
amends the Employment Agreement dated January 17, 2003 between Rapidtron and
Xxxx Xxxxx, as amended on April 11, 2003 (the "Agreement"). Section 5.c of the
Agreement is amended to extend the time for Rapidtron to adopt a stock option
plan from July 31, 2003, until no later than September 15, 2003.
By signing below, each party hereby acknowledges and agrees to the foregoing
amendment. Except as expressly modified herein, the Agreement shall continue in
full force and effect and the parties hereby ratify and reaffirm the Agreement
as modified herein.
RAPIDTRON, INC.
By: /s/ Xxxxx Xxxxxxx
---------------------------------------------
Xxxxx Xxxxxxx, Secretary & Treasurer
ACKNOWLEDGED AND AGREED:
/s/ Xxxx Xxxxx
------------------------------------------------
XXXX XXXXX, an individual
