EXHIBIT 10.1
RAPIDTRON
Date: August 12, 2003
To: Xxxxx Xxxxxxx
From: Xxxxx Xxxxxxx
Subject: Amendment to Employment Agreement related to Stock Options
This will memorialize an agreement between Rapidtron, Inc. and Xxxxx Xxxxxxx
that amends the Employment Agreement dated January 17, 2003 between Rapidtron
and Xxxx Xxxxx, as amended on April 11, 2003 (the "Agreement"). Section 5.c of
the Agreement is amended to extend the time for Rapidtron to adopt a stock
option plan from July 31, 2003, until no later than September 15, 2003.
By signing below, each party hereby acknowledges and agrees to the foregoing
amendment. Except as expressly modified herein, the Agreement shall continue in
full force and effect and the parties hereby ratify and reaffirm the Agreement
as modified herein.
RAPIDTRON, INC.
By: /s/ Xxxxx Xxxxxxx
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Xxxxx Xxxxxxx, Secretary & Treasurer
ACKNOWLEDGED AND AGREED:
/s/ Xxxxx Xxxxxxx
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Xxxxx Xxxxxxx, an individual
