InvestorsHub Logo
icon url

overachiever

03/24/08 9:06 PM

#12374 RE: midas716 #12368

This is what Aziz gotr for running Planet Sweep into the ground. He did well. Shareholders lost big

EMPLOYMENT AGREEMENT BETWEEN

INTEGRATED SYSTEMS INTERNATIONAL, INC. AND

AZIZ HIRJI DATED JANUARY 1, 2000.







<PAGE>



570 Lexington Avenue

45th Floor

New York, NY 10022

(212) 751-7282

(212) 355-7026 Fax

terry@planetsweep.com





[ LOGO ]



TERRENCE M. TIERNEY

CHIEF EXECUTIVE OFFICER



Mr. Aziz Hirji

Chairman

Planet Sweep, Inc.

570 Lexington Avenue

New York, NY 10022



RE: Employment Agreement



Dear Aziz;



Reference is made herein to a certain Employment Agreement (the

"Agreement") between Integrated Systems International, Inc., now

legally known as Planet Sweep, Inc. (the "Company") and you dated

January 1, 2000.



The terms of the Agreement are amended as follows:



1. The term of the Agreement is changed to reflect a termination

date of December 31, 2005.

2. Compensation for the extended term shall be at the rate of

$240,000.00 per annum.

3. Paragraph 4(a) is amended to read: "The Employee shall receive

an annual cash bonus equal to one percent (1 %) of the net

revenues (EBITDA) of the Company."

4. Paragraph 4(d) is amended to read: "The Employee shall receive

on each anniversary date of this agreement three year options

to purchase 100,000 shares of the Company's Class A common

stock at an exercise price of one dollar ($1.00) per share.

5. Exhibit A to the Agreement shall be deemed null and void in

its entirety.



This letter shall be attached to the Agreement and become a permanent

part thereof.



IN WITNESS WHEREOF, the parties hereto have executed this amendment as

of the sixteenth day of June, 2000.



PLANET SWEEP, INC. EMPLOYEE



/s/ Terrence M. Tierney /s/ Aziz Hirji

-------------------------- -------------------------

Terrence M. Tierney Aziz Hirji