EXHIBIT 10.30 AMENDMENT TO EMPLOYMENT AGREEMENT JULY 1, 1998 To: Anthony K. Chan 32429 Seaside Drive Union City CA 94587 Dear Anthony: This letter serves as an amendment to the Employment Agreement dated March 4, 1997. The changes below are effective July 1, 1998. The terms of the March 4, 1997 Employment Agreement are amended as follows: 3. COMPENSATION 3.1 Base Salary - The annual base salary shall be $150,000 per year. 3.2 Bonus 3.2.3 Options to purchase an additional Twenty Thousand (20,000) shares of common stock of the Company exercisable at the end of each 12 month period beginning July 1, 1998, at $6.5625 per share, subject to compliance with applicable laws. The remaining terms and conditions as outlined in the original Employment Agreement continue to be in effect. In Witness Whereof, the Company has caused this Agreement to be executed by its respective duly authorized officer, and the Executive has hereunto signed this Agreement as of the date first above written. Company: AMERICAN CHAMPION ENTERTAINMENT, INC. By: /s/ George Chung George Chung, Chairman of the Board Accepted: By: /s/ Anthony K. Chan Date: July 1, 1998 Anthony K. Chan