PHARMA BIO-SERV, INC. Dorado, PR 00646 January, 2007
Exhibit
10.5
PHARMA
BIO-SERV, INC.
00
Xxxxxx Xxxx, Xxxxx 000
Xxxxxx,
XX 00000
(787)
278-2709
January,
2007
Ms.
Xxxxxxxxx Plaza
000
Xxxxxx Xxxxx Xxxx
Xxxxxx,
Xxxxxx Xxxx 00000-0000
Dear
Xxxxxxxxx:
This
letter (the “Amendment”) will constitute an amendment to your employment
agreement (the “Agreement”) dated as of January 25, 2006, by and among
Pharma-Bio Serv, Inc., a Delaware corporation formerly known as Xxxxxxxx
Consulting Group, Inc., Plaza Consulting Group, Inc., the wholly-owned
subsidiary of Pharma-Bio Serv, Inc., and you.
1. All
terms
defined in the Agreement and used in this Amendment shall have the same meanings
in this Amendment as in the Agreement.
2. Section
1(c) of the Agreement is amended to read as follows:
“(c)
The
“Employment Term” shall mean the period commencing on the date of this Agreement
and ending on December 31, 2007, unless terminated earlier pursuant to Section
5
of this Agreement.”
3. The
second sentence of Section 1(d) of the Agreement is amended to read as
follows:
“The
“Consulting Term” shall mean the period which commences immediately following
the Employment Term and ends on January 31, 2009.”
4. Except
as
amended by this Amendment, the Agreement shall remain in full force and
effect.
Please
confirm your agreement with the Amendment by signing the Amendment and returning
it to the Company.
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Very
truly yours,
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| By: | /s/ Xxxxxx X. Xxxxxx | |
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Xxxxxx X. Xxxxxx, CFO |
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| PLAZA CONSULTING GROUP, INC. | ||
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| By: | /s/ Xxxxxx X. Xxxxxx | |
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Xxxxxx X. Xxxxxx, CFO |
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| /s/ Xxxxxxxxx Xxxxx | ||
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Xxxxxxxxx
Xxxxx
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