EX-10.1 2 plang8k12-31101.txt AGREEMENT Exhibit 10.1 Fifth Amendment to Executive Employment Agreement John C. Antenucci This FIFTH AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT ("Fifth Amendment") is entered into as of December 26, 2007 by and between PlanGraphics Inc., a Colorado Corporation, formerly known as Integrated Spatial Information Solution, Inc. ("Employer") and John C. Antenucci ("Executive"). WHEREAS, Executive and Employer are parties to an Executive Employment Agreement dated May 1, 2002 ("the Agreement"); and WHEREAS, the term of the Agreement was previously extended from time to time through December 31, 2007, WHEREAS, the parties mutually desire to further extend the term and modify the provisions of the Agreement. NOW THEREFORE, and in consideration of the mutual covenants and agreements hereunder contained, the parties hereby agree as follows: 1) Paragraph 2 of this Agreement is hereby amended to change the Expiration Date to December 31, 2008. 2) Beginning October 1, 2007, the Executive shall place in a salary-at-risk-account and on prorata bi-monthly basis, fifteen percent (15%) of the Executive's annual salary, $23,550, 3) All other terms and condition of the Agreement as amended shall remain unchanged EXECUTIVE PLANGRAPHICS, INC A Colorado Corporation /S/ John C. Antenucci /S/ John C. Antenucci ------------------------ --------------------- John C. Antenucci John C. Antenucci President and CEO Date: 12/26/07 Date: 12.26.07 WITNESS: /S/ Fred Beisser Fred Beisser Date: 12/31/2007 Secretary of the Corporation