Amendment to Employment Agreement Between The Neptune Society, Inc. and Marco Markin

Summary

This amendment updates the employment agreement between The Neptune Society, Inc. and Marco Markin. It extends the term of Markin's employment by two years, now ending December 31, 2007. Additionally, Markin may choose to receive company common shares instead of cash for any deferred salary, with the share price calculated using a 30-day average and a 10% discount. All other terms of the original agreement remain unchanged.

EX-10.52 8 ex10_52.txt AMENDMENT TO MARKIN EMP AGR Exhibit 10.52 AMENDMENT TO EMPLOYMENT AGREEMENT BY AND BETWEEN THE NEPTUNE SOCIETY, INC. AND MARCO MARKIN The parties to the above referenced Employment Agreement dated as of June 6, 2001 (the "Agreement") hereby agree to the following amendments. 1. That Article 2. Term, of the Agreement be amended to reflect that the term of the agreement shall be extended by an additional two years ending December 31, 2007. All other items in this Article 2 shall remain the same. 2. Article 5. Compensation and Related Matters, be amended to reflect that the Executive at his election, may receive common shares of the Company's capital stock in lieu of cash for all Deferred Salary. The rate of conversion will be calculated using a thirty (30) day average trading price for the Company's common shares and applying a ten (10%) discount to this price for rate of conversion. The foregoing is hereby agreed to and accepted this 10th day of February, 2003 by: ON BEHALF OF THE BOARD OF DIRECTORS OF THE NEPTUNE SOCIETY, INC. Illegible - ----------------------------- AGREED AND ACCEPTED BY MARCO MARKIN /s/ Marco Markin - -----------------------------