AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT amends the EMPLOYMENT AGREEMENT (the “Agreement”) entered into as
of the 26 t h day of December, 2008, by and between International Aerospace Enterprises, Inc. a Nevada
corporation (the “Company”) and John Peck, an individual residing at 2050 Russett Way, Carson City, Nevada
WHEREAS, the Company and Peck entered into the Agreement which provided for the terms of Peck’s
employment by the Company as its Chief Executive Officer;
WHEREAS, the Company and Peck wish to amend the annual stock compensation section of said
WHEREAS, the Company desires to continue to employ Peck and Peck desires to continue to be
employed by the Company and Pelleg upon revised compensation terms; and
NOW, THEREFORE, in consideration of the mutual promises set forth herein, the Company and Peck
hereby agree as follows:
1. Section 6(B) of the Agreement is hereby deleted in its entirety and replaced with the following:
“(B) The Employee will receive 1,000,000 shares of preferred stock that votes on a converted basis
with the common stock on a 100:1 basis, which shares shall be redeemable by the Company upon his
termination of employment.”
2. All other terms of the Agreement shall remain the same.
3. This Amendment shall be governed by and construed in accordance with the internal laws of the State
of Nevada, excluding its conflicts of laws provisions. Any dispute arising out of or relating to this Agreement shall
be decided by binding arbitration by the American Arbitration Association and shall be held in Carson City,
Nevada. The ruling of the arbitrator shall be final and may be enforced by any party to such arbitration in any
court of competent jurisdiction located in Carson City, Nevada.
4. This Amendment is executed in original or faxed counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same instrument.