NETWORK IMAGING CORPORATION
Network Imaging Corporation, 000 Xxxxxxx Xxxx Xxxxx, Xxxxxxx, Xxxxxxxx 00000
AMENDMENT TO CONSULTING AGREEMENT
This amendment effective as of January 1, 1996, modifies and amends the
Consulting Agreement dated February 1, 1994, and as amended on October 1, 1995,
by and between Network Imaging Corporation (the "Company"), Sterling Capital
Group., and Xxxxxx X. Xxxxxxxx, Xx. In consideration of the mutual promises
contained herein and other good and valuable consideration, the sufficiency and
receipt of which are hereby severally acknowledged, the parties agree to amend
the Agreement as follows:
(1) Section 5 ("Compensation") shall be amended by deleting that section in its
entirety and replacing with the following:
"Section 5. Compensation. As compensation during the term of the Consultant's
retainer hereunder, the Company shall pay to the Consultant, and the Consultant
shall accept a fee at the rate of $225,000 per annum, or at such higher rate as
the Board of Directors, after periodic review, at its option and in its sole
discretion, may fix."
Except as specifically modified and amended herein, all other terms and
conditions of the Agreement shall remain in full force and effect.
Accepted by Xxxxxx X. Xxxxxxxx: Accepted by Network Imaging Corporation:
By: By:
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Signature Signature
Print Name: Print Name:
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Title: Title:
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Date: Date:
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Accepted by Sterling Capital Group:
By:
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Signature
Print Name:
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Title:
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Date:
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