AMENDMENT NO. 1 TO
REGISTRY MAGIC INCORPORATION
EMPLOYMENT AGREEMENT
Amendment No. 1 dated July ____, 2000 to Employment Agreement dated
December 19, 1997 (the "Employment Agreement") between REGISTRY MAGIC
INCORPORATED (the "Company") and ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ (the "Executive").
WHEREAS, the Company and the Executive have previously entered into the
Employment Agreement, and
WHEREAS, the parties wish to extend the term of the Employment
Agreement on the terms hereafter provided:
NOW, THEREFORE, for good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged by each of the parties hereto, the
parties hereby agrees as follows:
1. The Company and the Executive agree that the term of employment of the
Employment Agreement shall be extended from December 19, 2000 through December
19, 2003.
2. For the extended term of the Agreement, the Company shall pay the Executive a
salary of $115,500 per year as provided in Section 3 of the Agreement, except
the provision relating to the increase of salary following completion of the
initial public offering of the Company shall be null and void, and the Executive
waives any right he has had with regard to such incremental salary during the
term of the Agreement.
3. Except as modified by this Amendment, the terms of the Agreement shall
continue to be in effect for the initial term of the Agreement and the extended
term as provided in this Amendment.
IN WITNESS WHEREOF, we have executed this Amendment No. 1 to the
Agreement as of the above date.
REGISTRY MAGIC INCORPORATED
By:
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Authorized Officer
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