ADDENDUM
This Addendum shall be a written modification of the employment
agreement dated September 25, 2002 between Aegis Assessments, Inc. ("Employer")
and Xxxxxx X. Xxxxxxx ("Employee") pursuant to Section 9.06.
Revision to Section 4.01. Employee's monthly salary of $10,000 per
month shall accrue through March 15, 2003, at which time Employee's monthly
salary shall cease to accrue. Beginning no later than March 15, 2003, Employee
shall be paid (i) his salary of $10,000 per month, pursuant to the employment
agreement dated September 25, 2002, (ii) an additional $10,000 per month until
the accrued salary has been paid, and (iii) his signing bonus payments, as
specified in Section 4.02 below. As consideration for accruing aggregate salary
of $30,000 through March 15, 2003 and postponing receipt of his $30,000 signing
bonus until March 15, 2003, as specified in Section 4.02 below, Employee shall
receive 200,000 shares of Employer's common stock.
Revision to Section 4.02. Employee's signing bonus of $30,000.00 shall
be payable in three (3) cash payments of $10,000 each, the first payment due and
payable on or before March 15, 2003; the second payment due and payable on or
before April 15, 2003; and the third payment due and payable on May 15, 2003.
This Addendum is executed this 15th day of January, 2003.
EMPLOYER
AEGIS ASSESSMENTS, INC.
/s/ Xxxx Xxxxxxx
Its: President and Chief Executive Officer
EMPLOYEE
/s/ Xxxxxx X. Xxxxxxx