Addendum B to Employment Agreement between Quantum Fuel Systems Technologies Worldwide, Inc. and Alan Niedzwiecki (November 2, 2003)
Quantum Fuel Systems Technologies Worldwide, Inc. and employee Alan Niedzwiecki have agreed to modify Niedzwiecki's original employment agreement. Effective November 2, 2003, his base salary is increased to $370,000 per year. All other terms of the original agreement remain unchanged. This addendum is signed by both parties and the company's Chief Financial Officer.
EXHIBIT 10.28
ADDENDUM B TO EMPLOYMENT AGREEMENT
This addendum is made on November 2, 2003 by and between Quantum Fuel Systems Technologies Worldwide, Inc. (herein “Quantum) and Alan Niedzwiecki (herein “Employee”). For mutual and adequate exchange of consideration, the parties mutually agree to modify Employee’s Employment Agreement of August 1, 2002, as follows:
Section 2 of the above referenced Employment Agreement is hereby modified via incorporating the following additional language.
“2.1 (a) Effective November 2, 2003, Employee’s base salary is increased to $370,000.00 per year.”
| /s/ Alan Niedzwiecki | /s/ William Brian Olson | |
| Alan Niedzwiecki | William Brian Olson | |
| Chief Financial Officer | ||
| Dated: November 2, 2003 | ||
| Quantum Fuel Systems | ||
| Technologies Worldwide, Inc. | ||
| Dated: November 2, 2003 | ||
