Exhibit 10.28
AMENDMENT TO EMPLOYMENT AGREEMENT
AGREEMENT made as of the 1st day of January 1998, by and between XXXXXXX
XXXXXXXXX (hereinafter referred to as the "Employee"), residing at 000 Xxxxxxxx
Xxxx., Xxxxxxx, Xxx Xxxx 00000, and BREAKING WAVES, INC. (hereinafter referred
to as the "Company"), a New York corporation with its principal offices located
at 000 Xxxx 00xx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000.
W I T N E S S E T H :
WHEREAS, the Company and Employee entered into an Employment Agreement
dated November 27, 1996;
WHEREAS, Employee has performed in an exemplary manner in his position with
the Company;
WHEREAS, the Company desires to compensate Employee for the benefits the
Company has received as a result of such performance; and
WHEREAS, the Company and the Employee consequently desire to amend such
Employment Agreement to reflect the foregoing;
NOW THEREFORE, in consideration of the mutual promises made by the Company
and Employee, and the terms and conditions hereafter set forth, the receipt and
adequacy of such consideration being mutually acknowledged, the Company and
Employee hereby agree to the following:
1. Article III, Paragraph (A) of the Employment Agreement is hereby amended
to revise Employee's salary and shall read as follows:
Commencing on January 1, 1998, the Company shall pay to Employee a salary
at the rate of $130,000 per annum until November 27, 1999 (payable in equal
weekly installments or pursuant to such regular pay periods adopted by the
Company) (the "Base Salary").
IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day
and year first above written.
BREAKING WAVES, INC. EMPLOYEE
By: /s/ Xxxxxx Xxxxxxxx /s/ Xxxxxxx Xxxxxxxxx
Xxxxxx Xxxxxxxx Xxxxxxx Xxxxxxxxx
President
