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<br />ADDENDUM NUMBER TWO TO EMPLOYMENT AGREEMENT <br />DATED JUNE 15, 1994, BETWEEN <br />THE PARIS ECONOMIC DEVELOPMENT CORPORATION, <br />THE LAMAR COUNTY CHAMBER OF COMMERCE AND <br />GARY L. VEST <br /> <br />STATE OF TEXAS <br />COUNTY OF LAMAR <br /> <br />) <br />) <br />) <br /> <br />KNOW ALL MEN BY THESE PRESENTS, that this Addendum Number One to <br /> <br />Employment Agreement dated June 15, 1994, between the Paris Economic Development <br />Corporation, the Lamar County Chamber of Commerce and Gary L. Vest, is made this 12th day <br /> <br />of June, 2001, by and between the Paris Economic Development Corporation, by and through its <br />President, Michael R. Rhodes, duly authorized, hereinafter called PEDC, the Lamar County <br /> <br />Chamber of Commerce, by and through its President, Terry Christian, duly authorized, hereinafter <br /> <br />called CHAMBER, and Gary L. Vest, hereinafter called VEST. <br /> <br />WITNESSETH <br /> <br />It is hereby mutually agreed by and among PEDC, CHAMBER and VEST that the <br />following paragraphs be amended to read as follows: <br /> <br />"SECTION 3. Compensations <br />"PEDC and CHAMBER shall pay VEST a salary, before required <br /> <br />deductions, of not less than $6,666.67 per month, payable monthly. All such <br /> <br />compensation shall be subject to the customary withholding tax, Social Security <br />tax, and other employment or payroll taxes as may be required and provided by the <br /> <br />United States of America or the State of Texas. " <br /> <br />"SECTION 4. Term <br /> <br />"Except to the extent otherwise stated in this Paragraph, VEST serves at <br /> <br />the will of PEDC and CHAMBER. <br /> <br />"In the event that VEST is terminated from his employment for any reason <br />other than for cause, in accordance with Section 13, PEDC and CHAMBER agree <br /> <br />to continue to pay and provide to VEST all salary and benefits due hereunder for <br /> <br />EXHIBIT <br /> <br />A <br />