Compensation Amendment
It
is
further understood and agreed that the undersigned herein; Xx. Xxx Xxxxxx,
whom
has been retained to serve as the Chief Operating Officer shall be entitled
to
an annual equity assignment in connection with his services to, and on behalf
of
the Company. It is further understood that Xx. Xxxxxx will be compensated on
a
per annum basis pursuant to the attached schedule articulated herein referred
to
as “Schedule A”.
Such
compensation shall be issued on the anniversary date of the employment agreement
as adopted by the company and shall continue as long as Xx. Xxxxxx is employed
with the Company. Further, such compensation shall be reviewed and revised
in a
manner consistent with the employment agreement to mitigate any increases in
responsibility as inured.
“Schedule
A”
|
Stock
|
Warrants
(*)
|
|
|
1,500,000
Common Shares
|
3,000,000
Common Warrants
|
Notes:
All such warrants, as issued and assigned, shall be subject
to a bonafide Board Resolution affording the assignee the right to convert
same
on a cashless basis pursuant to such assignment having been issued in accordance
with the governing employment agreement. Further, it is understood and accepted
that such assignee must be in the full time employment of the Company pursuant
to the terms and conditions as set forth.
|
Agreed:
|
Agreed:
|
|
|
|
|
|
|
Clickable
Oil
|
Xx.
Xxx Xxxxxx
|
|
|
Dated:
|
Dated:
|
