Second Amendment to
Employment Agreement
The Employment Agreement dated May 16, 2013, as amended by
the Amendment dated May 21, 2015 (the "Agreement") by and between
ALTAMIRA INSTRUMENTS, INC, a Delaware corporation (the "Company"),
and XXXXXXXX P. MARCH, who resides at 000 Xxxxxxxxx Xxxxx, Xxxxxxx,
Xxxxxxxxxxxx 00000 ("March") is hereby amended to provide the
term of employment is extended through June 30, 2016, 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,
2015, shall be at the rate of $140,000 per annum and for the year
ending June 30, 2016 shall be the greater of (i) $142,800, or (ii)
an amount which represents the same percentage increase in the
Consumer Price Index for the year ending June 30, 2015 from June 30,
2014 ; 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. 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 9th day of June 2015.
ALTAMIRA INSTRUMENTS, INC.,
By /s/ Xxxxxx X. Xxxxxx
Name: Xxxxxx X. Xxxxxx
Title: CEO
XXXXXXXX P. MARCH
/s/ Xxxxxxxx P. March
__________________________
