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Exhibit 10.41
EXTENSION AND MODIFICATION AGREEMENT
THIS EXTENSION AND MODIFICATION AGREEMENT (the "Extension and Modification") is
made as of the 22nd day of February, 1999 by and between Golf One Industries,
Inc., a Delaware corporation, ("Golf One"), and Xxxxxx X. Xxxxx whose address is
000 Xxxxx Xxxx, Xxxxx Xxxxx, Xxxxxxxxxx 00000 ("Consultant"), (collectively the
"Parties").
WHEREAS, the Parties have entered into a Consulting Agreement dated as of
November 1, 1997 (the "Agreement") attached as Exhibit A and made an integral
part hereof; and
WHEREAS, the Parties have entered into a Modification Agreement dated as of
September 20, 1998 (the "First Modification") attached as Exhibit B and made an
integral part hereof; and
WHEREAS, the Parties have agreed to extend and modify the Agreement and First
Modification so that the entire Agreement and First Modification remain
effective including the changes pursuant to this Extension and Modification;
NOW, THEREFORE, in consideration of the premises and the mutual covenants herein
contained, Golf One and Consultant agree as follows:
1. The Term of the Agreement shall extend from July 31, 1999 until January
31, 2000.
2. In consideration of the services rendered and to be rendered by
Consultant under the Agreement, the First Modification and this Extension and
Modification, Golf One hereby agrees to further compensate Consultant in
addition to compensation pursuant to the Agreement and First Modification as
follows:
(A) Golf One shall issue as a bonus to Consultant upon the execution of
this Extension and Modification Forty Thousand (40,000) shares of common stock
of Golf One.
3. The Indemnification Agreement identified as Exhibit B to
Consultant's prior Employment Agreement with Golf One dated February 27, 1996
shall continue through the extended term of the Agreement.
IN WITNESS WHEREOF, the undersigned have executed this Extension and
Modification as of the day and year first above written.
GOLF ONE INDUSTRIES, INC. CONSULTANT
By: /s/ X.X. Xxxxxxxxx /s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx
Its: President
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