ADDENDUM TO EMPLOYMENT AGREEMENT BETWEEN DANNY TONG AND PEAK INTERNATIONAL LIMITED

EX-10.5 6 dex105.htm ADDENDUM TO EMPLOYMENT AGREEMENT BETWEEN DANNY TONG AND PEAK INTL. LTD. Addendum to Employment Agreement between Danny Tong and Peak Intl. LTD.

Exhibit 10.5

 

ADDENDUM TO EMPLOYMENT AGREEMENT

BETWEEN

DANNY TONG 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 2.1 of the Agreement so that it remains in effect until terminated in accordance with its terms;

 

Now, therefore, the parties agree as follows:

 

Paragraph 2.1 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

 

DANNY TONG

   

/s/ Cal Reed


 

/s/ Danny Tong


   

By:

 

Cal Reed, Chairman and CEO