AMENDED CONSULTING AGREEMENT
THIS AMENDED CONSULTING AGREEMENT ("Amendment") is hereby made as of
this 30th day of August, 1999, by and between TrueVision International, Inc.,
a Delaware corporation with its executive office located at 0000 Xxxxxxxxx
Xxxxxxxxx, Xxxxx 000, Xxxxxxxxxxx, Xxx Xxxxxx 00000 ("TrueVision"), and
Xxxxxx Xxxxxxxxx ("Consultant"), an individual resident at 0000 Xxxxx Xxxxxxx
Xxxxx, Xxx Xxxxxxx, Xxxxxxxxxx 00000.
W I T N E S S E T H
WHEREAS, TrueVision and the Consultant entered in to a Consulting
Agreement dated December 1, 1998, which provided in part that the Consultant
agreed to provide certain described consulting services to TrueVision, and
TrueVision agreed to compensate the Consultant as described therein; and
WHEREAS, the parties hereto now desire to amend and modify the December
1, 1998 Consulting Agreement, as described below.
NOW THEREFORE, in consideration of the premises and the mutual covenants
and agreements hereinafter set forth, the parties hereto agree to amend and
modify their December 1, 1998 Consulting Agreement as follows:
4 (b). Paragraph 4(b) of the December 1, 1998 Consulting Agreement shall
be restated and amended as follows:
"In addition to the consideration set forth in Section 2(a), above,
the Consultant shall be entitled to purchase 16,667 post split shares (the
"Shares") of the Company's Common Stock at par value. The Shares shall be
registered by the Company with the Securities and Exchange Commission ("SEC")
on the next available registration statement, and if not so registered within
six months after the completion of the Company's initial public offering, they
shall be included on a Form S-8 registration statement or any other available
registration statement to be filed within seven months from and after the
date of the initial public offering."
IN WITNESS WHEREOF, this Amendment has been executed by the parties as
of the date first written above.
Consultant: TrueVision International, Inc.
/s/ Xxxxxx X. Xxxxxxxxx By: /s/ Xxxx X. Xxxxx
----------------------------- ---------------------------
Xxxxxx X. Xxxxxxxxx Xxxx x. Xxxxx, President
