EX-2
from 10-Q
1 page
Addendum to the Employment Agreement Between Gerald Diamond and Sed International, Inc., Dated September 1, 1999. This Addendum Is Effective as of November 1, 2001. I, Gerald Diamond, Consent Freely and Without Duress to the Reduction of My Annual Salary to $371,564.00. I Choose to Take This Action at This Time, However; This Action Does Not Preclude Me From Withdrawing My Consent to This Reduction in Salary in the Future. by Employee Name: /S/ Gerald Diamond
12/34/56