AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
AMENDMENT NO. 1 to the Employment Agreement between Medicore, Inc. (the
"Company") and Xxxxxx X. Xxxxxxxx ("Xxxxxxxx") dated April 27, 2004 (the
"Agreement"), made this 21st day of October, 2004.
1. Xxxxxxxx agrees that the election he has as set forth in Section 8(a)
of the Agreement, at his discretion, to obtain from Medicore in lieu of a
Lump Sum Payment, 400,000 shares of Medicore common stock, $.01 par value,
shall not be exercised until such election is presented to and approved by
Medicore shareholders.
2. All capitalized terms shall have the meanings as defined in the
Agreement, except as defined in this Amendment No. 1 to the Agreement.
3. All other terms and provisions of the Agreement shall remain in full
force and effect, except as otherwise modified by this Amendment No. 1 to the
Agreement.
MEDICORE, INC.
/s/ Xxxxxx X. Xxxxx
By:--------------------------------
XXXXXX X. XXXXX, Vice President
XXXXXX X. XXXXXXXX
/s/ Xxxxxx X. Xxxxxxxx
By:--------------------------------
XXXXXX X. XXXXXXXX
