Amendment to Employment Agreement between Baldwin Technology Company, Inc. and Gerald A. Nathe

Summary

This amendment updates the employment agreement between Baldwin Technology Company, Inc. and Gerald A. Nathe, effective November 14, 2005. The change clarifies that a referenced policy is now owned by the GAN Irrevocable Trust, with Mr. Nathe as creator and his spouse as the initial trustee, rather than being owned directly by his spouse. All other terms of the original agreement remain unchanged.

EX-10.73 2 y14790exv10w73.txt AMENDMENT TO EMPLOYMENT AGREEMENT Exhibit 10.73 Baldwin Technology Company, Inc. 2 Trap Falls Road Suite 402 Shelton, CT ###-###-#### Tel: 203 ###-###-#### Fax: 203 ###-###-#### November 14, 2005 Mr. Gerald A. Nathe 11448 Bronzedale Drive Oakton, VA 22124 Dear Mr. Nathe: Pursuant to Paragraph 18 of our agreement dated March 19, 2001, as amended by our subsequent agreements dated February 26, 2002, August 13, 2002, July 11, 2003, and July 30, 2005 (the "Agreement"), which sets forth the terms of your employment with Baldwin Technology Company, Inc. (the "Company"), the Agreement is hereby further amended effective November 14, 2005 as follows: 1. Paragraph 4.A of the Agreement is amended by deleting "owned by your spouse, and pursuant to which your spouse is the sole beneficiary." and inserting in its place "owned by the GAN Irrevocable Trust, dated July 31, 2000, under which you are the creator and your spouse is the initial trustee (the "Trust"), and pursuant to which the trust is the sole beneficiary." As amended by this letter agreement, the Agreement shall remain in full force and effect. Very truly yours, BALDWIN TECHNOLOGY COMPANY, INC. BY: /S/ JUDITH A. MULHOLLAND ------------------------------ Judith A. Mulholland Chair, Compensation Committee AGREED TO AND ACCEPTED ON NOVEMBER 14, 2005: /s/ Gerald A. Nathe - -------------------- Gerald A. Nathe