Ergovision, Inc., Xxx Xxxxxxxxx Xxxxx, Xxxxxxxxx, XX 00000
Phone: 000-000-0000 Fax: 000-000-0000
March 18, 1999
Xxxxx X. Xxxxxxxxx
00 Xxxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
CONSULTANT AGREEMENT AMENDMENT
Dear Xxx:
This will constitute and confirm our amendment to the Consultant Agreement dated
March 16, 1999 for Xxxxx X. Xxxxxxxxx to act as a consultant ("Consultant") for
Ergovision, Inc. ("Company") to provide Consulting Services, in accordance with
the terms, provisions and conditions of the Consultant Agreement.
1. Section 2 shall be amended to read as follows:
Compensation. As full and complete compensation for Consultant's services
for the Consulting Period the Company shall simultaneously grant a stock
option to Consultant for 150,000 shares of the Company's Common Stock at
an exercise price of $1.00 per share that is immediately exercisable and
shall be for a term of 3 years from the date hereof. The Consultant shall
also receive a stock option, for a term of 3 years, during the Consulting
Period for a total of 60,000 shares of the Company's Common Stock at an
exercise price of $1.75 per share, equal to the closing ask price on March
18, 1999.
2. All other terms and conditions of the Consultant Agreement remain in full
force and effect.
If the foregoing is in accordance with your understanding, will you kindly
signify same by signing this Consultant Agreement Amendment in the space
provided below.
Sincerely,
Agreed and Accepted ERGOVISION, INC.
as of the above date
/s/ Xxxxx X. Xxxxxxxxx /s/ Xxxx X. Xxxxx
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Xxxxx X. Xxxxxxxxx Xxxx X. Xxxxx
President
