RACING CHAMPIONS XXXX XXXXXXXXXXX
Xxxxxxxx X, Xxxxx 000
000 Xxxxxxxxx Xxxx
Xxxx Xxxxx, XX 00000
April 26, 2002
Xxxx Xxxxxxxxx, Chief Operating Officer
Racing Champions Ertl Corporation
Building C, Suite 320
000 Xxxxxxxxx Xxxx
Xxxx Xxxxx, XX 00000
Dear Xxxx:
You currently are a party to an employment agreement dated October 20, 2000
with Racing Champions Ertl Corporation. The agreement is scheduled to expire on
April 30, 2002. We hereby agree that the agreement shall be extended until July
31, 2002. All other terms of the agreement shall remain in full force and
effect.
Yours very truly,
RACING CHAMPIONS ERTL CORPORATION
BY /s/ Xxxxxx X. Xxxx
----------------------------------
Acknowledged and agreed to
this 30th day of April, 2002
/s/ Xxxx Xxxxxxxxx
--------------------------
Xxxx Xxxxxxxxx