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Exhibit 10.20
AMENDMENT TWO TO
EMPLOYMENT AGREEMENT
This
Amendment Two is made this 1st day of July, 2003 to that
certain
Employment Agreement and Amendment One to Employment Agreement by
and between
American Prepaid Professional Services, Inc. ("American Prepaid")
and Alan
Stewart (the "Executive") dated the 22nd day of November, 1999 and
7th day of
March, 2003, respectively.
WHEREAS, American Prepaid and Executive mutually desire to amend
certain of
the terms of the above-referenced Employment Agreement and
Amendment One, copies
of which are attached hereto in their entirety and are incorporated
herein by
this reference as Exhibits "A" and "B" (the "Employment
Agreement"); and
WHEREAS, the parties desire to extend the term of said Employment
Agreement
for an additional three (3) years, as well as mutually amend other
terms of said
Employment Agreement as provided for below:
NOW,
THEREFORE, in consideration of the mutual promises and
covenants
herein contained, the parties hereto agree as follows:
1.
The terms and conditions of that certain Employment Agreement
and
Amendment One to Employment Agreement dated as of 22nd day of
November, 1999 and
7th day of March, 2003, respectively, by and among American Prepaid
and
Executive are hereby confirmed in their entirety with the exception
that to the
extent the terms and conditions of this Amendment Two are in
conflict with the
terms and conditions of the Employment Agreement and Amendment One
to Employment
Agreement, the terms of this Amendment Two shall govern.
2.
It is the desire of the parties to extend the term of the
Employment
Agreement by an additional three (3) years and, accordingly, amend
Paragraph 2,
Term of Employment, to now read in its entirety as follows:
Term
of Employment. The term of the Executive's employment pursuant to
this
Agreem
