EXHIBIT 10.5 2000 AMENDMENT TO EMPLOYMENT AGREEMENT OF XXXXXX X. XXXXXX
AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT AGREEMENT is made and entered into effective the 27th day of
March 2000, by and between Conectisys, Inc., a Colorado corporation
("CONECTISYS"), ("Employer"), and Xxxxxx X. Xxxxxx ("Employee").
The following amendments to the language of the terms noted are hereby amended
as follows:
The amendments are effective March 27, 2000:
I.Employment and term. Employer hereby employs Employee and Employee hereby
accepts employment from Employer to perform the duties set forth below, for a
term of Five (5) years ending April 1, 2005.
II.Compensation. Employee shall have an option to purchase up to 2,000,000
shares of Conectisys Corporation restricted stock under rule 144, at a cost of
$.3864 per share. This option shall remain open/exercisable until December 2,
2000. Said Option is renewable by Xx. Xxxxxx for an additional three (3) years.
This is the total extent and number of options granted under this Employment
Agreement and this amendment shall supercede all previous amendments as it
pertains to stock options.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the day and year first above written.
Employee:/s/ Xxxxxx X. Xxxxxx
Xxxxxx X. Xxxxxx
Employer: /s/ Xxxxxxxx Xxxxxxxx
Xxxxxxxx Xxxxxxxx
Conectisys Corp.
Chief Technical Officer
Employer: /s/ Xxxxxxxx X. Xxxxxx
Xxxxxxxx X. Xxxxxx
Conectisys Corp.
Secretary-Treasurer
