EXTENSION TO EMPLOYMENT AGREEMENT
---------------------------------
THIS AGREEMENT made as of the 1st day of January, 2001
BETWEEN:
CROSSNET VENTURES, INC.
-----------------------
a Nevada corporation
(the "Corporation")
OF THE FIRST PART
AND:
XXXXXX XXXXXXX
--------------
(the "Employee")
OF THE SECOND PART
WHEREAS:
A. The Corporation and the Employee entered into an employment
agreement dated January 1, 2000 (the "Employment Agreement").
B. The Employee and the Corporation have agreed to extend the
term of the Employment Agreement for an additional two year
term expiring on January 1, 2003.
NOW THIS AGREEMENT WITNESSES that in consideration of the mutual
promises, covenants and agreements herein contained, the parties
hereto agree as follows:
1. Extension
---------
1.1 The term of the Employment Agreement is hereby extended
for an additional term of two years expiring on January 1, 2003
on the same terms and subject to the same conditions as the original
term of the Employment Agreement.
1.2 The Employment Agreement will continue in full force and
effect except as modified by this Agreement to extend the term of
the Employment Agreement.
2. Interpretation
--------------
2.1 This Agreement shall be governed by and construed in
accordance with the laws of the State of Nevada.
2.2 All headings used in this Agreement are for convenience
of reference only and are not to be used as an aid in the
interpretation of this Agreement.
2.3 This Agreement replaces and supersedes all other
agreements between the Employee and the Corporation relating to the
extension of the Employment Agreement.
-2-
2.4 The Employee acknowledges that O=Neill & Company has
acted solely for the Corporation in preparation of this Agreement
and the Employee has been recommended to seek independent legal
advice prior to execution of this Agreement.
IN WITNESS WHEREOF the parties have executed this Agreement as of
the day and year first above written.
CROSSNET VENTURES, INC.
by its authorized signatory:
/s/ Xxxxx Xxxxxxxx
_____________________________
Authorized Signatory
/s/ Xxxxx Xxxxxxxx
_____________________________
Name of Authorized Signatory
---------------------------------------------------------------------
SIGNED, SEALED AND DELIVERED )
BY XXXXXX XXXXXXX in the )
presence of: )
)
)
)
)
) /s/ Xxxxxx Xxxxxxx
Signature ) XXXXXX XXXXXXX
)
Name )
)
)
Address )
2
