EXHIBIT 10.23
AMENDMENT
Metalclad Corporation ( Company ) and Xxxxxxx X. Xxxxxxx ( Employee )
amend their Employment Agreement, dated July 10, 1996, as follows:
1. TERM: The term is extended to July 22, 1998.
2. COMPENSATION: Base salary is increased to $180,000 per year
effective May 1, 1997. Annual Christmas Bonus is increased to 20%.
3. OTHER TERMS: All other terms and conditions not amended herein
shall remain in full force and effect for the life of the contract.
Dated this 22nd day of July, 1997.
METALCLAD CORPORATION
By:
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Xxxxx X. Xxxxxx, President
EMPLOYEE
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Xxxxxxx X. Xxxxxxx