Addendum #2 to Employment and Separation Agreement between DuraSwitch Industries, Inc. and Robert J. Brilon

Summary

This addendum extends Robert J. Brilon's employment with DuraSwitch Industries, Inc. by one year, moving the end date to April 30, 2005, and extends his profit incentive bonus eligibility to December 31, 2005. It also clarifies that if there is a company takeover, any change to Mr. Brilon's position or salary that is not mutually agreed upon will be treated as if he was asked to leave. The agreement is signed by both parties and members of the Compensation Committee.

EX-10.1.2 3 p68941exv10w1w2.txt EX-10.1.2 Exhibit 10.1.2 Addendum #2 to the EMPLOYMENT AND SEPARATION AGREEMENT This employment agreement addendum #2 ("Agreement") made effective March 24, 2004, by and between DURASWITCH INDUSTRIES, INC., a Nevada corporation, ("DuraSwitch"), and Robert J. Brilon ("Employee"). Mr. Brilon's current employment contract has a Term of Employment stated as April 30, 2004. Mr. Brilon and DuraSwitch are currently negotiating the terms of an employment agreement anticipated to have a Term of Employment through December 31, 2007. Mr. Brilon's Term of Employment (Section 2.1) and Profit Incentive Bonus (Section 15.1) shall be extended for one year to April 30, 2005 and December 31, 2005, respectively. As a definition clarification to the agreement Article II, 1.3 (A) in the event of a takeover as defined it is hereby clarified that the condition of "Mr. Brilon is asked to leave" is assumed to occur upon any change of position or salary decrease, not mutually agreed upon, subsequent to or in contemplation of a takeover. IN WITNESS WHEREOF, the undersigned execute this Agreement to be effective on the date herein written. /s/Robert J. Brilon ______________________ Robert J. Brilon DURASWITCH INDUSTRIES, INC., a Nevada corporation By: /s/ William E. Peelle ____________________________ William E. Peelle /s/ John Hail ______________ John Hail Its: Compensation Committee Members