Amendment to Employment Agreement between Racing Champions, Inc. and Robert E. Dods

Summary

Racing Champions, Inc. and Robert E. Dods have agreed to amend their original employment agreement dated April 30, 1999. Effective July 1, 2000, Mr. Dods' base salary will be set at $350,000 per year. This amendment is formalized as of September 19, 2000, and is signed by both parties to confirm the updated compensation terms.

EX-10.22 4 0004.txt AMENDMENT TO EMPLOYMENT AGREEMENT This amendment is made and entered into as of the 19th day of September, 2000, by and between Racing Champions, Inc., an Illinois corporation, and Robert E. Dods. The parties wish to amend paragraph 4 of the Employment Agreement made as of the 30th day of April, 1999, to the following- '4. Compensation. As of July 1, 2000, the Employee shall receive a base salary ------------ of $350,000 per year, . . .' In witness whereof, the parties have executed this amendment as of the date first above written, to be effective as of that date. Racing Champions, Inc. By /s/ Boyd Meyer ---------------- Boyd Meyer, Vice Chairman By /s/ Robert E. Dods --------------------- Robert E. Dods