Amendment to November 2000 Agreement between Corrpro Companies, Inc., Commonwealth Seager Holdings Ltd, Corrtech Consulting Group, and Barry W. Schadeck

Summary

This amendment, effective July 16, 2003, extends the term of the original November 2000 Agreement between Corrpro Companies, Inc., Commonwealth Seager Holdings Ltd, Corrtech Consulting Group, and Barry W. Schadeck. The amendment specifies that Mr. Schadeck will continue to serve as Executive Vice President of Corrpro until March 31, 2005, unless the agreement is otherwise terminated as provided. All other terms of the original agreement remain unchanged and in effect.

EX-10.2 4 l03439aexv10w2.txt EX-10.2 AMENDED NOV 2002 AGREEMENT EXHIBIT 10.2 AMENDMENT TO NOVEMBER 2002 JULY 16, 2003 THIS AMENDMENT TO NOVEMBER 2000 AGREEMENT (this "Amendment") is made in Medina, Ohio and is entered effective as of July 16, 2003, by and between Corrpro Companies, Inc., an Ohio corporation (the "Company"), Commonwealth Seager Holdings Ltd, Corrtech Consulting Group, and Barry W. Schadeck ("Executive"). WITNESSETH: Whereas, the Company, Commonwealth Seager Holdings Ltd, Corrtech Consulting Group, and Executive are party to that Agreement dated as of November 2, 2000 (the "November 2000 Agreement") that was executed in connection with the Consulting Agreement (as defined in the November 2000 Agreement); Whereas, the Company and Executive wish to amend the November 2000 Agreement to extend the stated term of the November 2000 Agreement in accordance with this Amendment; In consideration of the recitals, the mutual covenants and agreements contained in this Amendment, and other good and valuable consideration, the parties agree as follows: Section 1 (a), "Term," of the November 2000 Agreement is hereby amended to read: (a) Term. Executive has been elected by Corrpro and agrees to serve as Executive Vice President of Corrpro, subject to the provisions of this Agreement, for the period effective November 2, 2000 and ending on March 31, 2005. This Agreement at all times may otherwise be terminated in accordance with the provisions hereof. Except as amended by this Amendment, all other terms and provisions of the November 2000 Agreement, which the parties hereby ratify, shall remain in full force and effect. IN WITNESS WHEREOF, the parties have executed this Agreement as of the date and year first above written. Corrpro Companies Inc. Commonwealth Seager Holdings Ltd By: By: ------------------------ --------------------------- Corrtech Consulting Group Executive By: ------------------------- ----------------------------