EXHIBIT 10.48
ADDENDUM TO STOCK OPTION AGREEMENTS
This Addendum to Stock Option Agreement (the "Addendum") is made and
entered into by and between Diversified Corporate Resources, Inc. a Texas
corporation (the "Company"), and J. Xxxxxxx Xxxxx (the "Optionee").
WHEREAS, on December 27, 1996, the Company granted to Optionee two options
(collectively referred to as the "Options") to purchase 46,500 and 31,000 shares
of common stock of the Company, respectively; and
WHEREAS, both of the Options are subject to a written agreement
(collectively referred to as the "Prior Agreements") between the Company and the
Optionee; and
Whereas, the purpose of this Addendum is to amend both of the Prior
Agreements as herein set forth.
For good and valuable consideration requested, the parties hereto agree as
follows:
1. The expiration date of the respective Options is hereby extended from
December 31, 2001 until December 31, 2006.
2. Except as amended hereby, the Prior Agreements are not amended or
revised and remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Addendum to be
executed the day of September, 2001, but effective as of the 9th day of
------
August, 2001.
Diversified Corporate Resources, Inc.
By: /s/ Xxxxx X. Xxxxxxxx
---------------------------------
Xxxxx X. Xxxxxxxx, President
/s/ J. Xxxxxxx Xxxxx
---------------------------------
J. Xxxxxxx Xxxxx
