1
EXHIBIT 4.17
AMENDMENT TO CONSULTING AGREEMENT DATED 5/30/96
This Amendment, dated July 31, 1996 and effective as of July 31, 1996,
to the Consulting Agreement dated May 30, 1996 entered into by and between
POLLUTION RESEARCH & CONTROL CORP., a California corporation (herein referred to
as the "Company") and LIVIAKIS FINANCIAL COMMUNICATIONS, INC., a California
corporation (herein referred to as the "Consultant").
RECITALS
WHEREAS, Company and Consultant entered into a Consulting Agreement
dated May 30, 1996 (the "Agreement"); and
WHEREAS, Company and Consultant desire to amend such Consulting
Agreement;
NOW THEREFORE, in consideration of the promises and mutual covenants and
agreements hereinafter set forth, the parties hereto covenant and agree as
follows:
Item (2.) of Paragraph 4.1 of the Agreement is hereby amended to read as
follows:
2. The Options will be exercisable any time after January 30, 1997
and for the remainder of the four year period.
The first paragraph of Item 3. of Exhibit "A" of the Agreement titled
"NON-QUALIFIED STOCK OPTION AGREEMENT" is hereby amended as follows:
3. Exercise of Option.
All of the options granted hereby shall first become exercisable
on January 30, 1997. Subject to the provisions of Paragraph 4 hereof,
such options shall be exercisable in whole or in part at any time and
from time to time from the date on which they are first exercisable
through 5:00 p.m. Glendale, CA time on May 29, 2000.
AGREED TO:
"Company": POLLUTION RESEARCH & CONTROL CORP.
Date: 7/31/96 By: /s/ XXXXXX X. XXXXXXXX, XX.
------------ ------------------------------
Xxxxxx X. Xxxxxxxx
Chairman and CEO
"Consultant": LIVIAKIS FINANCIAL COMMUNICATIONS, INC.
Date: 7/31/96 By: /s/ XXXX X. XXXXXXXX By: /s/ XXXXXX X. XXXX
------------ ---------------------- ----------------------
Xxxx X. Xxxxxxxx Xxxxxx X. Xxxx
President Sr. Vice President
