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EXHIBIT 10(d) 2
AMENDMENT TO EMPLOYMENT CONTRACT
(▇▇▇▇▇▇ ▇▇▇▇▇▇▇)
That certain Employment Contract between Employer, AIR PACKAGING TECHNOLOGIES,
INC., and Employee, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, retaining ▇▇. ▇▇▇▇▇▇▇ as Vice President,
effective August 2, 1994 (the "Agreement"), is hereby amended in the following
respects, effective as of June 1, 1999:
1. The Section on page 2 entitled "Salary Continuation During Disability"
is hereby deleted in its entirety, and replaced with the following
language:
"Specified Term: The term of this Agreement shall run through
May 31, 2000, and then automatically terminate on its own
accord."
2. The Section on page 4 entitled "Termination Compensation" is deleted
in its entirety, and replaced with the following language:
"Effect of Termination on Compensation: In the event that this
Agreement is terminated prior to the completion of the term of
employment specified herein, Employee shall be entitled to the
compensation and expense reimbursements earned by and vested in
him prior to the date of termination as provided for in this
Agreement, computed pro rata up to and including that date."
3. There shall be added at the end of the Agreement the following
Section:
"Stock Options: All stock options held by Employee (totaling
750,000 Options at this date and exercisable at an exercise
price of $0.15 per share) shall continue to be exercisable
so long as Employee is employed by Employer, and shall terminate
at the end of six months after Employee ceases employment with
Employer, regardless of reason for termination."
EMPLOYER EMPLOYEE
AIR PACKAGING TECHNOLOGIES, INC.,
a Delaware corporation
By /s/ ILLEGIBLE SIG /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇
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Date 6/30/99 Date June 30, 1999
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