EXHIBIT 10.16
ADDENDUM TO EMPLOYMENT AGREEMENT
This Addendum, dated as of June 13, 2005, to the Employment Agreement
between CompuPrint, Inc. (the "Company") and the undersigned employee, dated as
of June 13, 2005, amends Section 1 and Section 3.A of the Employment Agreement
as follows:
1. Section 1 is amended by including the following sentence:
Notwithstanding the foregoing, with the prior written consent of the
Company which may be withheld for any reason, Employee may work for
a third party on a part-time basis comprising no more than 20 hours
per week at a rate of no more than $25,000 per year ("Third-Party
Employment").
2. Section 3.A is amended by including the following sentence:
Employee's salary (including any increased salary), as set forth in
this Section 3.A, shall be reduced by $25,000 or such greater amount
as is paid therefore during any period that Employee engages in a
Third Party Employment with the Company's prior permission .
Dated: June 13, 2005
EMPLOYER: COMPUPRINT, INC.
TERRA INSIGHT CORPORATION
By: /s/ Xxxxx Xxxxxxxxx
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Xxxxx Xxxxxxxxx, Chief Executive Officer
EMPLOYEE: XXXXXX XXXXXXX
/s/ Xxxxxx Xxxxxxx
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Xxxxxx Xxxxxxx
