Compensation Amendment
It
is
further understood and agreed that the undersigned herein; Xx. Xxxx Xxxxxxx,
whom has been retained to serve as the Chief Executive Officer shall be entitled
to an annual equity assignment in connection with his services to, and on behalf
of the Company. It is further understood that Xx. Xxxxxxx will be compensated
on
a per annum basis pursuant to the attached schedule articulated herein referred
to as “Schedule A”.
Such
compensation shall be issued on the anniversary date of the employment agreement
as adopted by the company and shall continue as long as Xx. Xxxxxxx is employed
with the Company. Further, such compensation shall be reviewed and revised
in a
manner consistent with the employment agreement to mitigate any increases in
responsibility as inured.
“Schedule
A”
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Stock
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Warrants
(*)
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1,500,000
Common Shares
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3,000,000
Common Warrants
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Notes:
All such warrants, as issued and assigned, shall be subject to a bonafide Board
Resolution affording the assignee the right to convert same on a cashless basis
pursuant to such assignment having been issued in accordance with the governing
employment agreement. Further, it is understood and accepted that such assignee
must be in the full time employment of the Company pursuant to the terms and
conditions as set forth.
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Agreed:
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Agreed:
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|
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|
|
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Clickable
Oil
|
Xx.
Xxxx Xxxxxxx
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Dated:
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Dated:
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