EXHIBIT 10.21
THINK NEW IDEAS, INC.
00 XXXX 00XX XXXXXX, 00XX XXXXX
XXX XXXX, XXX XXXX 00000
May 24, 1999
VIA FEDERAL EXPRESS
Xx. Xxxxx Xxxxxx
0000 Xxxxxxx
Xxxx 000
Xxx Xxxxxxx, XX 00000
Re: Employment Agreement of June 30, 1996 (the "Employment Agreement")
Dear Xxxxx:
This is to confirm to you that THINK New Ideas, Inc. (the "Company") has
agreed to renew your employment with the Company for a period of one year (the
"Extension Period") commencing upon expiration of the current term of your
employment at the close of business on May 31, 1999. Your annual salary shall be
$350,000 (representing Monthly Compensation, as defined in the Employment
Agreement, of $29,167). The the Company has further agreed that you shall
continue to be a member of executive management, with such title and any other
form of compensation as may be determined by management. The Employment
Agreement shall remain in effect for the Extension Period unmodified except as
specifically set forth herein.
Your service and contribution to the Company is sincerely appreciated.
Very truly yours,
/s/ Xxxxxxx Xxxxx
Xxxxxxx Xxxxx on behalf
of the Compensation Committee
cc: Xx. Xxxxxx Xxxxx
Xx. Xxxxxx Xxxxxxx
Xxxxx Xxxxxx, Esq.
Xxxxxxxx X. Xxxxxx, Esq.
