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EXHIBIT 10
AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT TO EMPLOYMENT AGREEMENT ("Amendment") is entered into as
of May 26, 2000, between JACOBSON STORES INC., a Michigan corporation of
Jackson, Michigan (the "Company"), and THEODORE R. KOLMAN, of Jackson, Michigan
("Kolman").
THE PARTIES HEREBY AGREE that the Executive Employment Agreement
between them dated as of April 11, 2000 (the "Agreement"), is amended effective
April 16, 2000, as follows:
COMPENSATION. The annual rate of $185,000 in paragraph 2 of
the Agreement is amended to read an annual rate of $200,000.
Except as expressly amended hereby, the Agreement shall continue in
full force and effect.
IN THE PRESENCE OF: JACOBSON STORES INC.
/s/ Paul W. Gilbert By: /s/ P. Gerald Mills
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P. Gerald Mills
Its: Chairman of the Board and
Chief Executive Officer
/s/ Dana J. Collins /s/ Theodore R. Kolman
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Theodore R. Kolman
