1
EXHIBIT 10.23(b)
AMENDMENT NO. 1 TO THE
EMPLOYMENT AGREEMENT
BETWEEN XXXX X. XXXXXXXX AND AAMES FINANCIAL CORPORATION
The Employment Agreement (the "Agreement") between Xxxx X. Xxxxxxxx (the
"Executive") and Aames Financial Corporation, a Delaware corporation (the
"Company"), to become effective immediately prior to the "Initial Closing Date,"
as such term is defined in the Preferred Stock Purchase Agreement by and among
the Company and Capital Z Financial Services Fund II, L.P., dated the 23rd day
of December, 1998, is hereby amended as follows:
1. Section 3F of the Agreement shall be amended by replacing "2,630,162"
with "2,580,162" in each place that it appears in the Section.
2. Capitalized terms herein shall have the meanings ascribed to them in
the Agreement. Except as amended hereby, the remaining provisions of the
Agreement, as amended to date, shall remain in full force and effect.
IN WITNESS WHEREOF, the Executive and the undersigned duly authorized
officer of the Company have executed and delivered this amendment as of February
10, 1999.
AAMES FINANCIAL CORPORATION
By: /s/ Xxxxxxx X. Xxxxxx
------------------------------
Xxxx X. Xxxxxxxx
/s/ Xxxx X. Xxxxxxxx
----------------------------------
