<PAGE>
EXHIBIT 10.1 -- Amendment to Employment
Agreement
AMENDMENT TO
EMPLOYMENT AGREEMENT
THIS AMENDMENT TO EMPLOYMENT AGREEMENT (the "Agreement"), dated
effective as of June 17, 2005, is made and
entered into to amend the Employment
Agreement dated effective June 30, 2003
(the "Employment Agreement"), by and
between The Peoples Publishing Group, Inc.,
a Delaware corporation (the
"Company"), and James J. Peoples, an
individual resident of the State of New
Jersey (the "Executive").
WITNESSETH:
WHEREAS, the Company and the Executive mutually desire to amend
the
Employment Agreement as set forth in this
Agreement.
NOW, THEREFORE, in consideration of the foregoing and the
mutual
agreements herein contained, the Company
and the Executive agree as follows:
1.
Amendment. The Employment Agreement shall be amended as
provided in this Agreement. Capitalized
terms not otherwise defined herein shall
have the meanings ascribed to them in the
Employment Agreement.
2.
Compensation. The table at the end of Section 4.01 of the
Employment Agreement which specifies annual
salary in the event the Executive is
engaged in the "AP Senior Advisor" role
shall be amended such that for the
contract year ending July 31, 2006, the
salary shall be $100,000.
3.
Incentive Compensation. The table in Section 4.02 of the
Employment Agreement shall be amended to
provide that for the calendar year
2005, the Executive's incentive shall be
equal to 30% of the amount paid to the
CEO
