KRAIG BIOCRAFT LABORATORIES, INC.
ADDENDUM TO THE
EMPLOYMENT CONTRACT: KIM K. THOMPSON
THIS ADDENDUM to the EMPLOYMENT CONTRACT ("Agreement") dated the April
26, 2006, between Kraig Biocraft Laboratories, inc., a Wyoming corporation (the
"Company") and Km Thompson, an individual ("Executive", "Employee" or "Mr.
Thompson") is dated November 6, 2006,
The Board of Directors of the Company (the "Board") and Executive each desires that the
EMPLOYMENT CONTRACT be modified and amended by this ADDENDUM as described below. \
NOW, THEREFORE, in consideration of the mutual promises and undertakings contained in this
ADDENDUM , and for other good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, and intending to be legally bound hereby, the parties hereto agree as follows:
Section 4, subsection C of the EMPLOYMENT CONTRACT, titled Stock and Warrants, shall be deleted, and
no stock warrants or stock options shall be issued or owing to Mr. 'Thompson pursuant to former section 4(c).
Pursuant to the deletion of said paragraph 4 (c), all references to the granting or vesting of stock warrants in
section 4 (g), or otherwise in the Employment Contract, are rendered meaningless and void, and such is the
intention of the parties entering into this addendum.
Section 8. titled Termination by Company, shall be amended to increase the referenced severance allowance to
$600,000, or seventy five percent (75%) of the total salary compensation Executive would have been entitled to
for the remainder of his Term of employment, whichever is greater,
Section 9. titled Notice of Termination shall be amended to require that any notice of termination must, in order to
be effective, be accompanied by a tendering of the severance allowance specified in Section 8.
Section 12. titled Death Benefit shall be amended to increase the referenced death benefit to three hundred
thousand dollars ($300,000) or thirty percent (35%) of the total salary co