EXHIBIT 10.42
AMENDMENT TO EMPLOYMENT AGREEMENT
Reference is made to the Employment Agreement, dated on or about May
7th, 2004 ("Original Agreement"), between Xxxxxxxx Technologies Inc. (the
"Company") and Xxxxxxx Xxxxx, Xx. (the "Employee")
The Original Agreement is hereby amended as follows: In consideration
of the deletion of section 4(d), with regard to the anti-dilution provision, of
the Original Agreement, the Company has agreed to make the first grant of shares
based on the Company Equity as of May 12th, 2004, the date of the present
Agreement between parties.
The Original Agreement otherwise remains in full force and effect
THE PARTIES ACKNOWLEDGE THAT EACH HAS READ THIS AMENDMENT TO THE ORIGINAL
AGREEMENT, UNDERSTANDS IT, AND AGREES TO BE BOUND BY ITS TERMS AND CONDITIONS.
FURTHER, THE PARTIES AGREE THAT THE ORIGINAL AGREEMENT AND THIS AMENDMENT TO THE
ORIGINAL AGREEMENT AND ANY EXHIBITS THERETO OR HERETO ARE THE COMPLETE AND
EXCLUSIVE STATEMENT OF THE AGREEMENT BETWEEN THE PARTIES, WHICH SUPERSEDES ALL
PROPOSALS OR ALL PRIOR AGREEMENTS, ORAL OR WRITTEN, AND ALL OTHER COMMUNICATIONS
BETWEEN THE PARTIES RELATING TO THE SUBJECT MATTER HEREOF.
ACCEPTED AND AGREED:
XXXXXXXX TECHNOLOGY, INC. XXX XXXXX
By: Xxxxxx Xxxxxx By: Xxx Xxxxx
CEO
/s/ Xxxxxx Xxxxxx /s/ Xxxxxxx Xxxxx Xx.
Date: 6/14/2004 Date: 6/14/2004
