EXHIBIT 10.14
AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT TO EMPLOYMENT AGREEMENT, which was made the first day of
January, 2001, by Select Media Communications, Inc. ("Company" or "Select"), a
New York corporation and Xxxxx X. Xxxxxxxxx, an individual residing at 000
Xxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxxxxxx (hereinafter called "Executive"), made
this 22nd day of June, 2001.
Section 7 of the Employment Agreement is deleted and replaced by the
following:
"7. Stock. As of the date of this Amendment, the Company shall issue to
the Executive a seven year warrant to purchase two million one hundred thousand
(2,100,000) common shares of the Company's stock at the closing price on the
Over The Counter Bulletin Board on June 22, 2001. The warrant shall be exercised
pursuant to a cashless exercise provision and contain standard provisions as to
anti-dilution, transferability, etc."
IN WITNESS WHEREOF, the parties have duly executed and delivered this
Amendment to Employment Agreement effective June 22, 2001.
SELECT MEDIA COMMUNICATIONS, INC.
/s/ Xxxxx X. Xxxxxxxxx By: /s/ Xxxxxxx X. Xxxxxxx
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XXXXX X. XXXXXXXXX Name: Xxxxxxx X. Xxxxxxx
Title: Board Member