Exhibit 10.5
AMENDMENT TO EXECUTIVE AGREEMENT
This Amendment, dated as of February 28, 1998, is made to the Executive
Agreement dated as of August 1, 1995 (the "Executive Agreement") between The
International Cornerstone Group, Inc., a Delaware corporation (the "Company"),
and Xxxxxxx X. End (the "Executive").
In consideration of the premises and the mutual agreements hereinafter set
forth, the Company and the Executive hereby agree that Section 1 of the
Executive Agreement shall be amended, effective as of January 1, 1998, to read
in its entirety as follows:
1. Duties. The Company hereby employs the
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Executive and the Executive hereby accepts employment by the
Company as Chairman of the Board of Directors and Chief
Executive Officer of the Company, upon the terms and subject
to the conditions set forth herein. The Executive shall have
such other titles and hold such other offices (either in
replacement of or in addition to the foregoing titles and
offices) as shall be agreed upon between the Executive and
the Company from time to time. The Executive shall, to the
best of his abilities, be responsible for the business and
operations of the Company, as well as such other duties
consistent with his position as an executive officer of the
Company as shall be reasonably specified from time to time
by the Board of Directors. During the term of this
Agreement, the Executive and the Company agree that the
Executive shall be a member of the Board of Directors of the
Company.
The Executive Agreement, as modified by this Amendment, shall continue in
full force and effect in accordance with its terms.
This Amendment may be executed in counterparts, which together shall
constitute one and the same instrument.
Executed as of the date first written above.
THE INTERNATIONAL CORNERSTONE GROUP, INC.
By: /s/ Xxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxx, Vice Chairman
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(print name and title)
/s/ Xxxxxxx X. End
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XXXXXXX X. END
