Exhibit 10.52
AMENDMENT TO
EMPLOYMENT AGREEMENT BY AND BETWEEN
THE NEPTUNE SOCIETY, INC. AND XXXXX XXXXXX
The parties to the above referenced Employment Agreement dated as of June 6,
2001 (the "Agreement") hereby agree to the following amendments.
1. That Article 2. Term, of the Agreement be amended to reflect that the
term of the agreement shall be extended by an additional two years
ending December 31, 2007. All other items in this Article 2 shall
remain the same.
2. Article 5. Compensation and Related Matters, be amended to reflect
that the Executive at his election, may receive common shares of the
Company's capital stock in lieu of cash for all Deferred Salary. The
rate of conversion will be calculated using a thirty (30) day average
trading price for the Company's common shares and applying a ten (10%)
discount to this price for rate of conversion.
The foregoing is hereby agreed to and accepted this 10th day of February, 2003
by:
ON BEHALF OF THE BOARD OF DIRECTORS OF
THE NEPTUNE SOCIETY, INC.
Illegible
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AGREED AND ACCEPTED BY XXXXX XXXXXX
/s/ Xxxxx Xxxxxx
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