FIRST AMENDMENT TO AGREEMENT
Exhibit 10.04
First Amendment to Independent Contractor Agreement with Xxx Xx Xxxx dated February 11, 2003
FIRST AMENDMENT TO AGREEMENT
This First Amendment to Independent Contractor Agreement (For Design, Illustration and Animation) (the "Amendment") is effective upon execution by all parties hereto, is by and between Xxxxxxxxx Edutainment Corp., a Nevada corporation and predecessor in interest to Out of Bounds Sports Co. hereinafter (the ”Company”), whose principal place of business is 0000 Xx Xxxxx Xxxxxxx Xxxxx, Xxxxx 000, Xx Xxxxx, Xxxxxxxxxx 00000 and Xxx Xx Xxxx, hereinafter (the “Contractor”) whose address is 00-X Xxx Xxxxxxxx, Xxxxxx Xxxxx Xxxxxxxxx, Xxxxxxxxxx 00000.,
RECITALS
A. Whereas, on December 5, 2002, the Company and Contractor entered into an Independent Contractor Agreement (For Design, Illustration and Animation).
B. Whereas, Exhibit 1 to said Agreement set forth the agreed upon Compensation Schedule.
C. Whereas, upon illustration of the first book it has been determine that there will be more illustrations than originally planned and thus the parties hereto have agreed to amend the compensation schedule to reflect that an additional $1,500 fee will be paid for each book.
D. Whereas, the parties desire to amend the Agreement and Exhibit 1 to the Agreement to reflect the change in Compensation.
AGREEMENT
NOW THEREFORE, in consideration of the mutual covenants herein contained the parties hereto hereby agree as follows:
1. That Exhibit 1 to the Independent Contractor Agreement (For Design, Illustration and Animation) dated December 5, 2002 is hereby is hereby amended to reflect the additional payment of $1,500 per book and shall read as set forth on Exhibit 1-A, attached hereto.
2. All other terms and conditions of the Asset Purchase Agreement shall remain the same.
3. It is expressly agreed that the parties may execute this agreement via facsimile signature and such facsimile signature pages shall be treated as originals for all purposes.
Page 1
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first above written.
The Company
Xxxxxxxxx Edutainment Corp.
A Nevada Corporation
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/s/ Xxxxxx X. Xxxxxxx |
Dated: February 11, 2003 |
_________________________________ |
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By: Xxxxxx X. Xxxxxxx |
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Its: |
President |
Contractor
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/s/ Xxx Xx Xxxx |
Dated: February 16, 2003 |
_________________________________ |
By: Xxx Xx Xxxx
Page 2
EXHIBIT 1-A
FIRST AMENDED COMPENSATION SCHEDULE
Book 1 - The Story of Xxxxxxxxx, An Exceptional Young Gorilla.
$1,100 for the Cover
$4,500 (i.e. approximately $300 for each ½ or full page illustration)
$5,600 Total Flat Fee
Book 3 - The Adventures of Dynamic Xxxxxxxxx, Episode I - “The Problem With Paulie Python.
$1,100 for the Cover
$4,500 (i.e. approximately $300 for each ½ or full page illustration)
$5,600 Total Flat Fee
Book 3 - Xxxxxxxxx’x Very, Very Bad Day.
$1,100 for the Cover
$4,500 (i.e. approximately $300 for each ½ or full page illustration)
$5,600 Total Flat Fee
Payment of Compensation:
The Company and Contractor agreed that each book will be done on the basis of:
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(a) |
an advance of $2,050 at the start of each book; |
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(b) |
$2,050 upon presentation of the completed pencil version of each book; and |
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(c) |
the balance of $1,500 on completion of the colored version of each book. |