ADDENDUM A TO EMPLOYMENT AGREEMENT

EXHIBIT 10.23

 

ADDENDUM A TO EMPLOYMENT AGREEMENT

 

This addendum is made on February 10, 2003 by and between QUANTUM Fuel Systems Technologies Worldwide, Inc. (herein “QUANTUM”) and ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ (herein “Employee”). For mutual and adequate exchange of consideration, the parties mutually agree to modify Employee’s Employment Agreement of August 1, 2002, as follows, effective February 10, 2003.

 

Section 2 of the above referenced Employment Agreement is hereby modified via incorporating the following additional language.

 

“2.1 (a) Effective February 10, 2003, Employee’s base salary is increased to $320,000 per year.”

 

 

/s/		▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇				/s/		▇▇▇▇▇ ▇▇▇▇▇
		▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇						▇▇▇▇▇ ▇▇▇▇▇ Chief Financial Officer
		Dated:  Feb. 10, 2003
								QUANTUM Fuel Systems Technologies Worldwide, Inc.
								Dated:  Feb. 10, 2003