Third Amendment to
Employment Agreement
The Employment Agreement dated May 16, 2013 (as amended by
the Amendment dated May 21, 2014, the "Agreement") by and between
ALTAMIRA INSTRUMENTS, INC, a Delaware corporation (the "Company"),
and XXXXXXXX P. MARCH (?March?), who resides at 00000 Xxxxxxxxxx
Xxx Xxxx Xxxxxxxxx, XX 00000, is hereby amended to provide the
term of employment is extended through June 30, 2017, and that the
compensation of March to be paid by the Company for the performance
of his duties set forth in Paragraph 3 for the year ending June 30,
2017, shall be at the rate of $147,000 per annum; and at the sole
and absolute discretion of the Board of Directors, the Company may
pay March a bonus in addition in recognition of his services and
results of the Company's operation for the twelve month period
ending June 30, 2016 and 2017. All other terms of the Employment
Agreement remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have signed this
Agreement as of the 25th day of May 2016
ALTAMIRA INSTRUMENTS, INC.,
By: /s/ Xxxxxx X. Xxxxxx
____________________
Name: Xxxxxx X. Xxxxxx
Title: CEO
XXXXXXXX P. MARCH
/s/ Xxxxxxxx P. March
______________________
