EX-10.1
from 10QSB
3 pages
May 8, 2003 Mr. Dave Shworan Suite 202 – 166 Corfield St. Parksville, Bc V6p 2h5 Dear Dave: This Letter, and the Revised Schedule “A” Attached to It, Will Serve as an Addendum to the Employment Contract, Dated November 13, 2002, (“Original Agreement”) Between Yourself and Quotemedia, Inc. (Formerly QuoteMedia.com Inc.), a Copy of Which Is Also Attached. as a Result of Both Parties to the Agreement Now Having an Improved View of the Challenges You Are Required to Face and Overcome, It Is Agreed That the Following Changes and Additions Are Warranted to Be Made to the Agreement Effective May 8, 2003, Unless Otherwise Specifically Stated. the Following Sections Supersede or Supplement Those of the Similar Index Number in the Original Agreement: 3. Remuneration: Salary to Be Paid for Your Position Will Be Determined and Will Be Accrued From June 1, 2003 Onward. the Salary Level Will Be Agreed by the Board of Directors and You at the Earliest Date Possible. 4. Signing Bonus
12/34/56