ADDENDUM TO EMPLOYMENT AGREEMENT
This AGREEMENT (the "Agreement"), dated as of February 26, 2008, by and between
Document Capture Technologies, Inc., a Delaware corporation with principal
executive offices at 0000 Xxxxxxxxxx Xxxxx, Xxx Xxxx, Xxxxxxxxxx 00000
(hereinafter referred to as the "Company"), and Xxxxxxx Xxxxxxx, an individual
residing at 0000 Xxxxx Xxxxx Xxxxx, Xxx Xxxx, Xxxxxxxxxx 00000 (hereinafter
referred to as "Employee").
W I T N E S S E T H:
WHEREAS, the Company and the Employee are parties to an Employment Agreement,
dated April 26, 2005 (the "Original Agreement") and an Addendum to Employment
Agreement dated January 18, 2008 (the "Addendum" and together with the Original
Agreement, the "Employment Agreement"); and
WHEREAS, the Company desires to employ the Employee as its President and Chief
Operating Officer, and the Employee desires to serve the Company in that
capacity, upon the terms and subject to the conditions contained in the
Employment Agreement, as amended by this Agreement; NOW, THEREFORE, in
consideration of the mutual covenants and agreements herein contained, the
parties hereto hereby agree as follows: 1. Capitalized terms used herein but not
otherwise defined herein have the meanings ascribed to them in the Employment
Agreement.
2. The Employee agrees to continue to execute his duties and responsibilities in
accordance with the terms and provisions of the Employment Agreement, subject to
the following terms and conditions as agreed upon:
(a) Effective March 1, 2008, the Company shall employ Employee as President and
Chief Operating Officer.
All other terms and conditions of the Employment Agreement not affected hereby
shall remain in effect as originally drafted.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first above written.
DOCUMENT CAPTURE
TECHNOLOGIES, INC. EMPLOYEE
By: /s/ Xxxxx Xxxxx /s/ Xxxxxxx Xxxxxxx
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Xxxxx Xxxxx Xxxxxxx Xxxxxxx
Chief Executive Officer
