AGREEMENT

between

Ing. Erich Pfeiffer GmbH
Oeschlestr. 124-126
78315 Radolfzell

and

Hans-Josef Schutz
Kreidenweg 22
78166 Donaueschingen

Paragraph 12 of the  Employment  Agreement  between Ing. Erich Pfeiffer GmbH and
Hans-Josef Schutz dated November 15, 1993 will be modified as follows:

The  Employment  Agreement  is  extended  by  five  further  years  and  will be
automatically  extended  by another  year.  It will  start on May 1,  1998.  The
Employment  can be  terminated  after  these five  years by either  party with a
notice of 12 months per December 31 of a year.




/s/ Hans-Josef Schutz                                /s/ Peter Pfeiffer
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Hans-Josef Schutz                                    Ing. Erich Pfeiffer GmbH



May 15, 1997                                         May 15, 1997
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Date                                                 Date