Exhibit 10.3
AMENDMENT TO EMPLOYMENT AGREEMENT
The Employment Agreement dated as of March 31, 1995 between Xxxxxxx Xxxxx
and Milestone Scientific Inc (formerly U.S. Opportunity Search, Inc.) (the
"Employment Agreement") shall be amended as set forth below. Capitalized terms
not defined herein shall have the meanings ascribed to them in the Employment
Agreement.
(1) ss. 1 "Term of Agreement" shall be deleted and be replaced with the
following paragraph:
"1. Term of Agreement. Subject to the terms and conditions hereof, the
Company employs Executive and Executive accepts such employment for the
period commencing on April 1, 1995 and, unless terminated as provided in
Section 6 herein, terminating March 31, 2000 (the "Employment Term")."
(2) The non-competition period at the end of the Employment Term shall be
extended by revising the first clause of ss.7(b) to read as follows:
"(b) During the Employment Terms and for a period of two years
thereafter..."
IN WITNESS WHEREOF, the parties have executed this Amendment on February
25, 1997.
MILESTONE SCIENTIFIC INC.
By: /s/ Xxxxxxx Xxxxx & Xxxxxxx X. Xxxxxxx
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Xxxxxxx Xxxxx & Xxxxxxx X. Xxxxxxx
/s/ Xxxxxxx Xxxxx
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XXXXXXX XXXXX
