EXHIBIT 10.13
ADDENDUM TO EMPLOYMENT AGREEMENTS
This Addendum, dated as of May 19, 2005, to the Employment Agreement
between Terra Insight Corporation ("TIC") and the respective undersigned
employees, dated as of January 7, 2005, clarifies the rights and obligations of
the parties, giving effect to the reverse acquisition (the "Reverse
Acquisition") between TIC and CompuPrint, Inc. (the "Corporation").
The incentive-based stock options described in the employment agreement
shall be exercisable at $0.32 per share and shall be options to purchase shares
of common stock of the Corporation.
The number of shares underlying the stock options shall be 1,033,334 for
Railyan, and 1,033,333 for Xxxxxxxxx, and Xxxxxxx.
Any reference to "change in control" does not include transactions
effected by or contemplated by the Reverse Acquisition.
Dated: May 19, 2005
Terra Insight Corporation
By: /s/ Xxxxx Xxxxxxxxx
---------------------------------
Name: Xxxxx Xxxxxxxxx
Title: Chief Executive Officer
CompuPrint, Inc.
By: /s/ Xxxxx Xxxxxxxxx
---------------------------------
Name: Xxxxx Xxxxxxxxx
Title: Chief Executive Officer
/s/ Xxxx Railyan
------------------------------------
Xxxx Railyan
/s/ Xxxxx Xxxxxxxxx
------------------------------------
Xxxxx Xxxxxxxxx
/s/ Xxx Xxxxxxx
------------------------------------
Xxx Xxxxxxx
