FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
This First Amendment to Employment Agreement ("Amendment)" is
made and dated as of March 8, 1999, by and between INTRENET,
INC., an Indiana corporation ("Employer"), and XXXXX X. XXXXXXX
("Employee"),
WITNESSETH
WHEREAS, Employee is currently serving as the Chief Financial
Officer of Employer pursuant to an Employment Agreement dated as
of March 10, 1997 (the "Prior Agreement").
WHEREAS, Employee desires to be assured of certain compensation
and other benefits for his continued services to Employer.
WHEREAS, the parties have agreed to amend the Prior Agreement
on the terms and conditions set forth in this Amendment.
NOW, THEREFORE, in consideration of the premises, the mutual
covenants and undertakings contained herein, Employer and
Employee agree as follows:
1. The Term of the agreement for Employee's employment as
defined in Paragraph 3 of the Prior Agreement shall continue
through March 31, 2001.
2. The Base Compensation of the Employee as defined in
Paragraph 4 of the Prior Agreement shall be $185,000 per annum,
payable at regular intervals in accordance with the Employer's
normal payroll practices now or hereafter in effect.
3. Except as set forth in this Amendment, the Prior Agreement
shall continue in effect.
IN WITNESS WHEREOF, the parties have caused this Amendment to
be executed and delivered as of the day and year first set forth
above.
INTRENET, INC.
By /s/ Xxxx X. Xxxxxxx
Xxxx X. Xxxxxxx, President & CEO
By /s/ Xxxxx X. Xxxxxxx
Xxxxx X. Xxxxxxx, Employee
