Amendment to Consulting Agreement between J. Stanley Fredrick and Mannatech
Mannatech and J. Stanley Fredrick have amended their existing Consulting Agreement, originally dated October 1, 2001. Effective June 2, 2003, Mr. Fredrick's annual compensation as a consultant is increased from $185,000 to $285,000 in recognition of his increased contributions. All other terms and conditions of the original agreement remain unchanged.
Exhibit 10.2
Description of an amendment to the Consulting Agreement
by and between J. Stanley Fredrick and Mannatech
On June 2, 2003, the Board of Directors of Mannatech approved an amendment to the Consulting Agreement with J. Stanley Fredrick dated October 1, 2001 (the “Consulting Agreement”), whereby the amount of the annual compensation paid to Mr. Fredrick was increased from $185,000 to $285,000 annually due to his increased contributions as a consultant to Mannatech. All other terms and conditions of the Consulting Agreement will remain the same. The Consulting Agreement was filed as Exhibit 10.1 to the Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 14, 2001.
