ADDENDUM TO SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
THIS ADDENDUM TO SECOND AMENDMENT TO EMPLOYMENT AGREEMENT ("ADDENDUM") is
made this 11th day of March, 2003, by and between XXXXXXX COMPUTER RESOURCES,
INC. ("Company"), and XXXXXXX XXXXXXXXXX ("Employee").
WITNESSETH:
WHEREAS, the Company and Employee entered into a Second Amendment to
Employment Agreement, dated March 5, 2003 ("Second Amendment"), whereunder the
Company agreed to provide for Employee's continued employment pursuant to the
express terms and conditions thereto;
WHEREAS, the Company and Employee now desire to add and include the
following provision to the Second Amendment; and
WHEREAS, the Company and Employee now desire to confirm and ratify, except
for the addition provided herein below, all of the terms, conditions, and
covenants set forth in the Second Amendment.
NOW, THEREFORE, in consideration of the foregoing premises and the mutual
covenants herein set forth, the parties hereby covenant and agree as follows:
Except as modified herein, all terms and conditions of the Second Amendment
shall remain in full force and effect.
Discretionary Cash Bonus. The Company hereby agrees to provide Employee
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with a discretionary bonus, in the form of a one-time, lump sum, cash
payment of $15,000.00 for Employee's work on certain matters related to the
collection of outstanding vendor receivables. Said payment shall be issued
immediately upon the execution of this Addendum by both parties hereto.
IN WITNESS WHEREOF, this ADDENDUM TO SECOND AMENDMENT TO EMPLOYMENT
AGREEMENT has been executed effective as of the day and year first above
written.
WITNESSES:
_______________________________ XXXXXXX XXXXXXXXXX
_______________________________ __________________________________
_______________________________ XXXXXXX COMPUTER RESOURCES, INC.
_______________________________ By:_______________________________
