FIRST AMENDMENT TO
EMPLOYMENT AGREEMENT
This First Amendment, made and entered into effective the 21st day of
December, 1993, by and between Oxboro Medical International, Inc., a Minnesota
corporation (the"Company"), and XXXXXX XXXXX (the "Executive").
W I T E S S E T H:
WHEREAS, the Executive and the Company entered into an Employment Agreement
effective April 1, 1993 (the "Employment Agreement"); and
WHEREAS, references are made throughout the Employment Agreement to a
"Deferred Compensation Agreement" by and between the Executive and the Company,
effective as of April 1, 1993 (the "Deferred Compensation Agreement"); and
WHEREAS, the Deferred Compensation Agreement was never executed by the
Executive and the Company and is of no force or effect; and
WHEREAS, the Executive and the Company now desire to amend the Employment
Agreement by deleting all references to the Deferred Compensation Agreement;
NOW, THEREFORE, in consideration of the premises and the mutual promises
hereinafter contained, the parties hereto agree as follows:
1. All references to the Deferred Compensation Agreement (as identified
at Section 8(b) of the Employment Agreement) are hereby deleted from
the Employment Agreement, effective as of April 1, 1993, and all
references in the Employment Agreement to the Deferred Compensation
Agreement shall be null and void and of no force or effect.
2. Except as hereby amended, the Employment Agreement between the parties
remains in full force and effect.
IN WITNESS WHEREOF, the parties have executed this First Amendment to the
Employment Agreement on the day and year first above written.
OXBORO MEDICAL INTERNATIONAL, INC.
By: /s/ Xxxxx Xxxxxxxxx
Director
By: /s/ Xxxxxx X. Xxxxxxxxx
Director
EXECUTIVE
/s/ Xxxxxx Xxxxx
Xxxxxx Xxxxx
