Amendment No. 1 to Employment Agreement Between COMTEX News Network, Inc. and Charles W. Terry

Summary

This amendment extends the employment agreement between COMTEX News Network, Inc. and Charles W. Terry for one additional year, now ending on September 30, 2002. All other terms and conditions of the original agreement, dated October 1, 1998, remain unchanged and in effect. Both parties have agreed to this extension as of October 1, 2001.

EX-10.1 3 ctagreement.txt EXTENSION OF EMPLOYMENT AGREEMENT FOR CHARLES TERRY AMENDMENT NUMBER ONE (1) TO EMPLOYMENT AGREEMENT This Amendment Number One (1) is entered into this 1st day of October 2001, ("Amended Employment Agreement") by and between COMTEX News Network, Inc. ("COMTEX"), a Delaware corporation, with its principal executive offices at 4900 Seminary Road, Suite 800, Alexandria, Virginia 22311 ("Company"), and CHARLES W. TERRY, whose address is 13201 Dodie Drive, Darnestown, Maryland 20878 ("Employee"). W I T N E S S E T H: WHEREAS, COMTEX and the Employee entered into an employment agreement on the 1st day of October 1998 (hereinafter "Agreement"); and WHEREAS, COMTEX and the Employee wish to amend the terms of the Agreement; NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein below, the parties hereto agree as follows: 1. The term of the Agreement shall be extended for one year ending September 30, 2002. 2. All conditions of the original Agreement not amended herein shall remain in full force and effect. COMTEX NEWS NETWORK, INC. ACCEPTED & AGREED TO: By: /S/ C.W. GILLULY /S/CHARLES W. TERRY -------------------- ----------------------- C.W. Gilluly, Ed.D. Charles W. Terry Chairman Board of Directors