Exhibit 10.26
December 7, 1998
Xx. X. X. Xxxxxx, Xx.
0000 Xxxxxx Xxxxxx
Xxxx #000
Xxxxxx, XX 00000
Supplemental Agreement Providing an Extentsion to
Consulting Agreement of January 1, 1991
Dear Xx. Xxxxxx:
I am writing in reference to the consulting agreement of January 1, 1991,
(the "Consulting Agreement") between you and Freeport-McMoRan Inc. and to
the Supplemental Agreement between you and FM Serivces Company (the
"Company") dated December 15, 1997.
By way of this Supplemental Agreement, the Company would like to extend
your Consulting Agreement through December 31, 2000, with an increase in
your quarterly consulting fee, effective January 1, 1999, to $60,000.
All other terms and conditions of the Consulting Agreement and Supplemental
Agreement dated December 15, 1997, shall remain unchanged.
Please confirm that the foregoing correctly sets forth our understanding
with respect to this matter by signing both originals of this Supplemental
Agreement and returning one to me.
Very truly yours,
/s/Xxxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxx
Agreed to and accepted this
18th Day of December, 1998
By:/s/ X.X. Xxxxxx, Xx.
---------------------
X.X. Xxxxxx, Xx.
