Exhibit 10.23
FIRST AMENDMENT
TO
AGREEMENT FOR SERVICES
This document amends and changes that Agreement for Services ("Agreement") of
July 1, 2001 between PlanGraphics, Inc., formerly Integrated Spatial Information
Solutions, Inc., (the "Company") and Xxxx X. Xxxxxx (the "Executive").
The parties to the Agreement consent to and change the following items of the
Agreement:
o All references to Integrated Spatial Information Solutions, Inc. are hereby
changed to read PlanGraphics, Inc.
o In order to comply with the Board of Directors recent change establishing
standardized directors' fees for non-employee directors, the parties agree
that subparagraph 3a(1) regarding Base Compensation is deleted and replaced
with the following:
"(1) Effective May 1, 2002, base compensation shall be stock options
to acquire 400,000 shares annually per directorship year of the
Company's common stock at a price equal to the closing market price on
the first day of the directorship year. The options shall be five year
options. For the initial period of this amendment, the price shall be
$0.06 per share, the closing price on April 30, 2002. Such options
shall vest one year from the beginning of each directorship year if
the recipient has attended at least 75% of the Board of Directors
meetings scheduled during the year. "
All other provisions of the Agreement remain unchanged.
PlanGraphics, Inc.
/S/ Xxxx X.Antneucci
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By: Xxxx X. Xxxxxxxxx, President
Executive
/S/ Xxxx X. Xxxxxx
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Xxxx X. Xxxxxx
