AMENDMENT NO. 1
CHAD E. COBEN
eVENTURES GROUP, INC.
This Amendment No. 1 to Employment Agreement (this "Amendment") is made and entered into as of
September 25, 2000, between eVentures Group, Inc., a Delaware corporation (the "Company") and Chad E.
Coben (the "Executive").
WHEREAS, the Company and the Executive entered into an Employment Agreement dated as of April 4, 2000
(the "Employment Agreement");
WHEREAS, the Company is undergoing an internal corporate reorganization (the "Reorganization") that will
consolidate the operations of the Axistel Communications, Inc., e.Volve Technology Group, Inc. and Internet
Global Services, Inc. into one operating company subsidiary ("Opco") of the Company;
WHEREAS, the Company and the Executive desire to modify and clarify the Employee's position and duties
within the Company and Opco;
WHEREAS, the capitalized terms used herein without definition shall have the meaning assigned to such terms in
the Employment Agreement.
NOW, THEREFORE, in consideration of the premises and the mutual covenants and obligations hereinafter set
forth, the parties agree as follows:
1. Amendment to Section 2. Effective as of September 7, 2000 and upon notice by the Company to the
Executive of the consummation of the Reorganization:
2. the Executive will no longer serve as Senior Vice President of the Company and will instead serve as Senior
Vice President of Finance and Corporate Development of the Company and Opco; and
(a) the first sentence of Section 2(a) of the Employment Agreement is hereby deleted and replaced with the
"Executive shall serve as Senior Vice President of Finance and Corporate Development of the Company and
Opco, reporting directly to one of the executive officers named on Annex I to the Amendment."
(b) Section 2(b) of the Employment Agreement is hereby deleted and replaced in its entirety with the following:
"Executive shall be responsible for the corpora