EXHIBIT 10.25

 

ADDENDUM B TO EMPLOYMENT AGREEMENT

 

This addendum is made on February 10, 2003 by and between QUANTUM Fuel Systems
Technologies Worldwide, Inc. (herein “QUANTUM”) and Brian Olson (herein
“Employee”). For mutual and adequate exchange of consideration, the parties
mutually agree to modify Employee’s Employment Agreement of September 1, 2002,
as follows, effective February 10, 2003.

 

Section 2.3 (b) of the above referenced Employment Agreement is hereby modified
via incorporating the following language in place of the original language of
Section 2.3 (b).

 

“QUANTUM shall provide Employee a lump sum compensation of four hundred
thirty-five ($435.00) dollars annually in lieu of the term life insurance stated
in Section 2.3 (b) of Employee’s Employment Agreement of September 1, 2002.”

 

 

/s/  

Brian Olson        

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      /s/  

Alan Niedzwiecki

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    Brian Olson          

Alan Niedzwiecki

President & CEO

    Dated:  Feb. 10, 2003                            

QUANTUM Fuel Systems

Technologies Worldwide, Inc.

                                  Dated:  Feb. 10, 2003