Exhibit 10.6(c)(ii)
AMENDMENT #1 TO EMPLOYMENT AGREEMENT
This Amendment #1 to the Employment Agreement between Applied Graphics
Technologies, Inc. (AGT) and Xxxxxx Xxxxx, effective as of January 31, 2003
("Employment Agreement") is effective as of May 8, 2003.
Whereas, the parties have determined that the amount of time that Employee
has been required to devote to his duties at AGT has materially increased since
January 31, 2003. Therefore, it is hereby agreed that:
1. Paragraph 2 a of the Employment Agreement shall be deleted and the
following paragraph substituted therefor
AGT will pay Employee a salary at the rate of Four Hundred and Fifty
Thousand Dollars ($450,000) per annum ("Base Salary"). The Base Salary
will be reviewed annually and may, in the sole discretion of the Board of
Directors, be increased but may not be reduced.
2. All other provisions of the Employment Agreement shall remain in full
full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date
shown below.
XXXXXX XXXXX APPLIED GRAPHICS TECHNOLOGIES, INC.
By: _____________________________ By: ________________________________
Dated: __________________________ Title: _____________________________
Dated: _____________________________
