Addendum to Employment Agreement Between Jack Menache and Peak International Limited
This addendum modifies the employment agreement between Jack Menache and Peak International Limited, originally dated July 1, 2004. The main change is that the agreement will now remain in effect until it is terminated according to its terms, rather than ending on a specific date. Both parties have agreed to this amendment as of July 7, 2005.
Exhibit 10.2
ADDENDUM TO EMPLOYMENT AGREEMENT
BETWEEN
JACK MENACHE AND PEAK INTERNATIONAL LIMITED
Whereas, the parties entered into an employment agreement dated July 1, 2004 and having a term from January 1, 2005 thru December 31, 2005 (hereinafter the “Agreement”); and
Whereas, the parties desire to amend paragraph 1.1 of the Agreement so that it remains in effect until terminated in accordance with its terms;
Now, therefore, the parties agree as follows:
Paragraph 1.1 of the Agreement is deleted and the following substituted in lieu thereof: “The term (“Term”) of this Agreement shall remain in effect until terminated as hereinafter provided.”
In witness whereof, the parties have executed this addendum on the seventh day of July, 2005.
| PEAK INTERNATIONAL LIMITED | JACK MENACHE | |||
| /s/ Cal Reed | /s/ Jack Menache | |||
| By: | Cal Reed, Chairman and CEO | |||
