Document:

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                                                                 Exhibit 10.22.2

  AMENDMENT TO THE CITICORP DIRECTORS' DEFERRED COMPENSATION PLAN (THE "PLAN")
                       (EFFECTIVE AS OF DECEMBER 31, 2001)
--------------------------------------------------------------------------------

1.    Section 5(d) of the Plan is hereby amended to add the following language
at the end of such section:

      Once an election has been made, a Director may thereafter defer or
      accelerate the date on which deferred Compensation shall be paid or shall
      commence to be paid if a written election to effect such change is filed
      with the Secretary in the manner set forth in Section 10(f) at least one
      (1) year before such change is to take effect.

2.    The second sentence of Section 7(c) of the Plan is hereby deleted and the
following language is hereby substituted in its place:

      Such election shall be filed with the Secretary at least one (1) year
      prior to the date elected under Section 5(d).

3.    Section 7(c) of the Plan is further amended to add the following language
at the end of such Section:

      Once an election has been made, a Director may thereafter extend or
      shorten the payout period if a written election to effect such change is
      filed with the Secretary in the manner set forth in Section 10(f) at least
      one (1) year before such change is to take effect.

4.    Except as specifically modified herein, all of the terms and conditions of
the Plan shall remain in full force and effect.<Page>

                                                                 Exhibit 10.23.2

                                                                  Citigroup Inc.
                                                                 399 Park Avenue
                                                              New York, NY 10043

February 6, 2002

Robert E. Rubin
New York, NY

Dear Bob:

         I am writing on behalf of Citigroup Inc. to confirm certain changes to
your employment agreement dated October 26, 1999:

                  (i)      the guaranty of a level of incentive compensation for
                           2001 is extended for 2002, and all of the provisions
                           of the employment agreement relating to such
                           incentive compensation (such as composition and
                           manner of payment), including those designed to avoid
                           the loss of deduction under Section 162(m) of the
                           Internal Revenue Code, shall apply to such extended
                           guaranty; and

                  (ii)     the first paragraph under "Part B" of Schedule B is
                           revised to read as follows:

                           "retirement, for which Mr. Rubin shall be eligible
                           after reaching age 65, whereupon Mr. Rubin's combined
                           age and service shall be deemed to equal 75 for
                           purposes of all plans and programs of Citigroup
                           (other than any pension plans sponsored by the
                           Company or any of its affiliates)".

         If the foregoing is consistent with our discussions, please sign in the
space provided below.

                                                    Very truly yours,

                                                    Citigroup Inc.

                                                    By:  /s/ Sanford I. Weill
                                                         -----------------------
                                                             Sanford I. Weill

Accepted and agreed

/s/ Robert E. Rubin
---------------------------
Robert E. RubinTHIRD
AMENDMENT OF EMPLOYMENT AGREEMENT

 

                This Third Amendment of Employment Agreement (this “Amendment”)
is entered into as of the 12th day of March, 2002, by and between quepasa.com,
inc., a Nevada corporation (the “Company”), and Robert J. Taylor (“Taylor”).

 

Explanatory Statements

 

                A.            The
Company and Taylor entered into an Employment Agreement dated as of February
23, 1999, an Amended and Restated Employment Agreement dated as of May 10,
1999, a Second Amended and Restated Employment dated as of August 1, 1999, a
Third Amended and Restated Employment Agreement dated as of January 1, 2000, an
Amendment of Employment Agreement dated as of June 30, 2001, and a Second
Amendment of Employment Agreement dated as of October 10, 2001 (collectively,
the “Employment Agreement”) whereby the Company agreed to employ Taylor
and Taylor accepted employment with the Company.

 

                B.            The Company and Taylor have agreed
that Taylor’s employment with the Company shall terminate on the earlier to
occur of (i) the closing of an event constituting a Significant Event (as
defined below) or (ii) March 29, 2002.

 

                C.            In the event Taylor’s employment
with the Company terminates on March 29, 2002, Taylor has agreed to provide the
Company with transition services as reasonably requested by the Company’s Board
of Directors until the earlier of (i) 30 days following the effective date of a
Significant Event (as defined below) or (ii) May 31, 2002 without compensation.

 

                D.            In consideration of Taylor’s
agreement to provide the Company with transition services without compensation
and to terminate his employment prior to the Company’s anticipated annual
meeting of shareholders, the Company has agreed that on the earliest to occur
of (i) the effective date of an event constituting a Significant Event (as
defined below), (ii) March 29, 2002, or (iii) the termination of Taylor’s
employment by the Company for any reason other than for Cause (as defined in
the Employment Agreement), all unvested stock options held by Taylor on such
date shall immediately and without further action vest and be exercisable as to
all shares covered thereby for a period of ten years from the date of grant.

 

                E.             The Company and Taylor desire to
amend the Employment Agreement in accordance with the foregoing and as set forth
herein.

 

                NOW, THEREFORE, in consideration of the mutual
promises contained herein and other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the Employment
Agreement is hereby amended and modified as follows:

 

                1.             All
capitalized terms not otherwise defined herein shall have the meanings ascribed
to such terms in the Employment Agreement.

 

 

1

 

 

                2.             This
Amendment shall be effective upon the approval and ratification of this
Amendment by the Company’s Board of Directors.

 

                3.             Section
3 of the Employment Agreement shall be deleted in its entirety and replaced
with the following:

 

                                “3.           Term.  Taylor’s employment shall commence on the 8th
day of March, 1999 (the “Effective Date”), and shall continue until the
earliest to occur of (i) the closing of an event constituting a Significant
Event (as defined in Section 7) or (ii) March 29, 2002 (the “Initial Term”),
unless terminated earlier in accordance with this Agreement. In the event
Taylor’s employment with the Company terminates on March 29, 2002, Taylor will
provide the Company with transition services as reasonably requested by the
Board until the earlier of (a) 30 days following the effective date of a
Significant Event (as defined in Section 7) or (b) May 31, 2002.  Taylor will not be compensated for the
provision of transition services hereunder; provided, however, that the Company
shall reimburse Taylor for all expenses incurred by Taylor with respect to his
provision of the transition services on the presentation by Taylor of itemized
accounts of such expenditures in accordance with guidelines set forth by the
Company and the Internal Revenue Service.”

 

                4.             The
phrase “for the Renewal Term,” shall be removed from the last sentence of
Section 4 of the Employment Agreement.

 

                5.             Subsection
5(e) of the Employment Agreement shall be deleted in its entirety and replaced
with the following:

 

                “The termination of Taylor’s employment with, and
provision of transition services to, the Company in accordance with Section 3
hereof; or”

 

                6.             Section 7 of the Employment
Agreement shall be amended by deleting the paragraph that follows subsection
“j” in its entirety and replacing it with the following:

 

“On the earliest to occur of (i) the
effective date of an event constituting a Significant Event (as defined below),
(ii) March 29, 2002, or (iii) the termination of Taylor’s employment by the
Company for any reason other than for “Cause,” all unvested Options held by
Taylor on such date shall immediately and without further action vest and be
exercisable as to all shares covered thereby for a period of ten years from the
date of grant, notwithstanding anything to the contrary in this Section 7 or
other provisions of this Agreement or any option agreement between the Company
and Taylor.  “Significant Event” means (a) a sale of all or substantially all of
the assets of the Company, (b) a merger, acquisition, consolidation or other
transaction involving the transfer or issuance of at least 30% of the
outstanding voting stock of the Company, (c) a majority of the Board ceases to
consist of Continuing Directors (as defined below) or (d) a liquidation of 

 

 

2

 

 

the Company. 
“Continuing Directors” means members of the Board on March 22, 2001 and
any member of the Board appointed by the Board after March 22, 2001 so long as
a majority of the Board at the time of such appointment are Continuing
Directors.  Except as otherwise
specifically set forth herein, the Options shall be subject to the terms and
conditions of the Plan.”

 

                7.             Except as otherwise expressly
provided in this Amendment, the Employment Agreement shall remain unchanged and
in full force and effect.

 

* * *

 

 

3

 

                IN
WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of the
date first set forth above.

 

	
   

  	
  Company:

  
	
   

  	
   

  	
   

  
	
   

  	
  quepasa.com, inc.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Gary L. Trujillo

  
	
   

  	
   

  	
  Gary L. Trujillo

  
	
   

  	
   

  	
  Chairman

  
	
   

  	
   

  	
   

  
	
   

  	
  Taylor:

  
	
   

  	
   

  
	
   

  	
  /s/ Robert J. Taylor

  
	
   

  	
  Robert J. Taylor

  
	
   

  	
   

  
				

 

 

 

4

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