Document:

AMENDMENT TO EMPLOYMENT AGREEMENT DATED 07-24-2000

EXHIBIT 10.14

AMENDMENT

               THIS AMENDMENT (the "Amendment") amends the Employment Agreement dated as of January 3, 2000 (the "Employment
Agreement"), by and between McLAREN PERFORMANCE TECHNOLOGIES, INC., a Delaware corporation formerly known as McLaren Automotive Group, Inc., with its principal office located at 32233 West Eight Mile Road, Livonia, Michigan 48152 (the "
Corporation") and JACQUELINE K. KURTZ, an individual whose address is 1280 Sunset Road, Ann Arbor, Michigan 48103 (the "Employee").

RECITALS:

               A.      The Compensation Committee of the Corporation has determined it is in the best interest
of the Corporation to increase the annual salary paid to Employee.

               B.      The Corporation and the Employee desire to amend the terms of the Employment Agreement as
set forth in this Amendment to effectuate the salary increase.

               NOW, THEREFORE, the parties agree to the following terms:

               1.      Amendment. The first sentence of Section 4 of the Employment Agreement, entitled "
Salary and Bonus," is hereby amended to read in its entirety as follows: "During her employment with the Corporation, the Corporation will pay Employee an annual salary of One Hundred Thirty Thousand Dollars ($130,000), payable according to the
Corporation's standard payment practices."

               2.     Effective Date. This Amendment shall be effective as of July 24, 2000.

               3.     Other Terms. All of the remaining terms and conditions of the Employment Agreement shall
remain in full force and effect and this Amendment shall be deemed to be a part of the Employment Agreement, and the Employment Agreement shall be a part of this Amendment as if fully set forth herein.

               4.     Counterparts. This Amendment may be executed in one or more counterparts, each of which
will be deemed to be an original, but all of which will constitute one and the same document.

[Signatures on following page]

               IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first written above.

	 	McLAREN PERFORMANCE TECHNOLOGIES, INC.
	 	 
	 	/s/ Wiley R. McCoy
	 	By:	Wiley R. McCoy, President
	 	 	 
	 	/s/ Jacqueline K. Kurtz
	 	JACQUELINE K. KURTZ

Compensation Committee:

 

/s/ Lawrence Cohen

Lawrence Cohen

/s/ Robert J. Sinclair

Robert J. SinclairSUBSCRIPTION AGREEMENT DATED 10-20-2000

 

EXHIBIT 10.15

THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. THEY MAY NOT BE SOLD OR OFFERED FOR SALE IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
AS TO THE SECURITIES UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR THE AVAILABILITY OF AN EXEMPTION FROM REGISTRATION UNDER SAID ACT AND APPLICABLE STATE SECURITIES LAWS.

SUBSCRIPTION AGREEMENT

          THIS SUBSCRIPTION AGREEMENT (the "Agreement") is made as of October 20, 2000, by and between HAYDEN H. HARRIS, TRUSTEE OF THE HAYDEN H. HARRIS
LIVING TRUST DATE MARCH 6, 1998, located at 13875 Waters Road, Chelsea, Michigan 48118 ("Investor"), and MCLAREN PERFORMANCE TECHNOLOGIES, INC., a Delaware corporation with offices at 32233 West Eight Mile Road, Livonia, Michigan 48152 ("
McLaren").

RECITALS:

A.       McLaren has offered to sell, and Investor desires to acquire, Three Hundred Forty-seven Thousand Eight Hundred Twenty-six (347,826) shares of the common stock of McLaren, par
value $0.00001 per share (the "Shares"), for the aggregate purchase price of $400,000 (the "Purchase Price") at a per share price equal to $1.15 (the "Offering"); and

B.       McLaren and Investor desire to consummate the Offering in accordance with the terms of this Agreement.

          NOW, THEREFORE, in consideration of the mutual undertakings contained herein and other good and valuable consideration, the sufficiency of which is hereby
acknowledged, the parties hereto do hereby agree as follows:

1.       Purchase and Sale of Shares. McLaren hereby agrees to sell to Investor, and Investor hereby agrees to purchase from McLaren, the Shares at the Purchase Price and on the
terms and conditions described below:

	                         	(a)   	Within five (5) business days following the execution of this Agreement, Investor shall deliver $200,000 of the Purchase Price in immediately available funds to the Chief Financial Officer of McLaren at the
address set forth above. Upon receipt of $200,000 of the Purchase Price in immediately available funds, McLaren will cause One Hundred Seventy-three Thousand Nine Hundred Thirteen (173,913) of the Shares to be issued by its stock transfer agent and
delivered to Investor at Investor's address set forth above.

                         (b)  On or before
December 31, 2000, Investor shall deliver $200,000 of the Purchase Price, representing the balance of the Purchase Price, in immediately available funds to the Chief Financial Officer of McLaren at the address set forth above. Upon receipt of the balance
of the Purchase Price in immediately available funds, McLaren will cause One Hundred Seventy-three Thousand Nine Hundred Thirteen (173,913) of the Shares, representing the balance of the Shares, to be issued by its stock transfer agent and delivered to
Investor at Investor's address set forth above.

2.        Representations and Warranties of Investor. Investor hereby acknowledges, represents and warrants as follows:

                         (a)   INVESTOR ACKNOWLEDGES THAT THE SHARES HAVE NOT BEEN
REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND MAY NOT BE OFFERED OR SOLD EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION D UNDER THE SECURITIES ACT, PURSUANT TO REGISTRATION UNDER THE
SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION.

                         (b)   Investor has the financial ability to bear the
economic risk of Investor's investment in the Shares (including a complete loss of Investor's investment) and has no need for liquidity with respect to Investor's investment in the Shares.

                          (c)   Investor has
such knowledge and experience in financial and business matters so as to be capable of evaluating the merits and risks of an investment in the Shares and has obtained, in Investor's judgment, sufficient information from McLaren to evaluate the merits and
risks of an investment in the Shares.

                         (d)   Investor is an "accredited investor" as that
term is defined in Rule 501(a) promulgated under Regulation D of the Securities Act.  

                         (e)   Investor is acquiring the Shares for his own account and
not with a view to the distribution thereof within the meaning of the Securities Act.

                         (f)   The Shares are not being subscribed for by Investor as a
result of any material information about McLaren's business that has not been publicly disclosed.

                         (g)   Investor has been given the opportunity to ask questions
of, and receive answers from, the management of McLaren concerning the terms and conditions of the Offering and other matters pertaining to Investor's investment, and has been given the opportunity to obtain such additional information necessary to verify
the accuracy of the information which was otherwise provided in order for Investor to evaluate the merits and risks of an investment in the Shares to the extent McLaren possesses such information or can acquire it without unreasonable effort or expense.

                         (h)   Investor has obtained and reviewed McLaren's Annual Report
on Form 10-KSB for the year ended September 30, 1999, Quarterly Reports on Form 10-QSB for the quarters ended December 31, 1999, March 31, 2000, and June 30, 2000, Current Report on Form 8-K filed March 28, 2000, 1999 Annual Report to Shareholders, and
Definitive Proxy Statement for the Annual Meeting of Shareholders to be held April 18, 2000.

                         (i)    Investor acknowledges that the representations,
warranties, agreements, undertaking and acknowledgments made by Investor in this Agreement are made with the intent that they be relied upon by McLaren and its management in determining Investor's suitability as a purchaser of the Shares.

3.        Representations and Warranties of McLaren. McLaren hereby acknowledges, represents and warrants that the Shares, when issued to Investor, shall be
validly issued, fully paid and non-assessable.

4.          Miscellaneous.

                         (a)   Modification. Neither this Agreement nor any
provision hereof shall be modified, discharged or terminated except by an instrument in writing signed by the party against whom any waiver, change, discharge or termination is sought.

                         (b)   Notices. Any notice, demand or other communication
which any party hereto may be required, or may elect, to give to anyone interested hereunder shall be sufficiently given if (i) delivered by a recognized national courier service to such address as may be given herein, or (ii) delivered personally at such
address.

                         (c)   Binding Effect. Except as otherwise provided
herein, this Agreement shall be binding upon and inure to the benefit of the parties and their heirs, executors, administrators, successors, legal representatives and permitted assigns.

                         (d)   Entire Agreement. This Agreement contains the
entire agreement of the parties with respect to the subject matter hereof, and there are no representations, covenants or other agreements except as stated or referred to herein.

                         (e)   Assignability. This Agreement is not transferable
or assignable by either party.

                         (f)   Applicable Law. This Agreement shall be governed by
and construed in accordance with the laws of the State of Michigan applicable to contracts made and to be performed entirely within such state without giving effect to the choice of law provisions of such state.

                         (g)   Counterparts; Facsimile Execution. This Agreement
may be executed through the use of separate signature pages or in any number of counterparts, and each of such counterparts shall, for all purposes, constitute one agreement binding on all the parties, notwithstanding that all parties are not signatories
to the same counterpart. This Agreement may be signed by fax delivery of a signed signature page to the other party and such fax execution shall be valid in all respects.

                         IN WITNESS WHEREOF, the
parties have executed this Agreement as of the date first written above.

	 	McLAREN PERFORMANCE TECHNOLOGIES, INC.
	 
	 	
By:

	 /s/ Wiley R. McCoy
	 	 	Wiley R. McCoy, President
	 
	 	INVESTOR:
	 
	 	/s/ Hayden H. Harris, Trustee
	 	HAYDEN H. HARRIS, TRUSTEE OF THE HAYDEN H. HARRIS
	 	LIVING TRUST DATED MARCH 6, 1998

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00019-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00019-of-00352.parquet"}]]