INFOCROSSING, INC. AND SUBSIDIARIES
EXHIBIT 10.5B
CONSULTING AGREEMENT AMENDMENT
Parties
This agreement is made as of October 31, 1994 by the parties to the CONSULTING
AGREEMENT dated November 1, 1992 to amend the CONSULTING AGREEMENT ("Agreement")
between COMPUTER OUTSOURCING SERVICES, INC. a new York corporation with an
address at 000 Xxxx 00xx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 ("Company"), and
XXXXXXX XXXXXX, an individual formerly residing at 00 Xxx Xxxx Xxxxx Xxxx,
Xxxxxxxx, XX. ("Xxxxxxxxxx"), now residing at 00 Xxxxxx Xxxxxx, Xxxxxxxxx, XX.
00000.
AMENDMENTS
1. Consulting Services; Term.
Section 2(a) The "Term" of the agreement is amended to extended the "term" to
September 31, 2001.
2. Payments to Consultant.
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Section 3(a). The Consulting Fee for the Company's FYE October 31, 1994 is
revised and shall equal $222,917. The Consulting Fee for the FYE October 31,
1995 is revised and shall equal $245, 209. The Consulting Fee shall be $22,292
for each month of the period commencing November 1, 2000 through September 31,
2001.
Section 3(b). Delete entire Subsection 3 (b).
Section 3(c). The Company is not required to contribute $30,000 to an annuity
purchase for the years ending December 31, 1993 and 1994.
GENERAL
The Agreement dated November 1, 1992 is modified to incorporate the above
amendments. All other terms and conditions of the Agreement remain unchanged.
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Consulting Agreement Amendment
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Execution
The parties hereto, desiring to be bound hereby, have executed this Agreement as
of the date first written above.
COMPUTER OUTSOURCING SERVICES, INC.
BY: /s/
___________________________________ Date: ___________________
Xxxx Xxxxxxxx, President
/s/
__________________________________
Xxxxxxx Xxxxxx, individually
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