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AMENDMENT TO EMPLOYMENT
AGREEMENT
This AMENDMENT
(this “ Amendment ”), dated as of August 21,
2008, amends the Employment Agreement, dated as of January 28, 2008
(the “ Employment Agreement ”), between Morlex,
Inc. (the “ Company ”) (by assignment from All
Ad Acquisition, Inc., effective as of February 14, 2008) and
Richard J. Berman (the “ Executive ”).
Capitalized terms used and not otherwise defined herein shall have
the meanings set forth in the Employment Agreement.
WHEREAS , the Executive and the Company desire to amend
the Employment Agreement on the terms set forth herein.
NOW
THEREFORE , the
parties hereto agree to the following:
1. Section 3a of the Employment Agreement is
hereby amended to read in its entirety as follows:
a. Base Salary . The Company shall pay the Executive an annual
salary of $1 as compensation for the Executive’s services
(the “ Base Salary ”). The amount of the Base
Salary will be reviewed annually during the Employment Term by the
Board, and may be increased by the Board.
2.
Section 3c of the Employment
Agreement is hereby amended to read in its entirety as
follows:
c. Stock Awards . The Company agrees to adopt an equity
incentive plan reasonably approved by the
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