Exhibit 10.6
First Amendment
to
Employment Agreement
This First Amendment to Employment Agreement is made as of June 1, 2002,
and is by and between Vista Exploration Corporation., a Colorado corporation
("Employer"), and Xxxxxxx X. Xxxx, Xx., a resident of the State of Kansas
("Employee"). For good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto, intending to be legally
bound, agree as follows:
1. Section 2 of the Employment Agreement between Employer and Employee
dated as of April 1, 2002 (the "Agreement"), shall be amended and restated,
effective as of April 1, 2002, as follows:
Professional Efforts. Employee shall devote such professional time and
attention to the performance of his obligations under this Agreement as are
reasonably required by Employer, and shall at all times perform all of his
obligations hereunder to the best of his ability, experience and talent.
2. Section 4 of the Agreement shall be amended and restated, effective as
of April 1, 2002, as follows:
Compensation. In consideration for his services, Employer shall pay
Employee a base salary at the rate of Thirty Thousand Dollars ($30,000) per
annum. Employee's salary hereunder shall be payable in bi-monthly
installments, or on such other payment schedule as is used to pay similarly
situated employees of Employer. Employee shall be eligible for annual
increases in base salary as determined by the Board of Directors of
Employer in its sole discretion based upon Employee's performance and the
financial performance of Employer. Employee agrees to defer the receipt of
his salary for a period of (i) up to six (6) months; (ii) the Employer has
received an additional Two Hundred Thousand Dollars ($200,000) in debt or
equity capital infusion; (iii) the Employer starts receiving revenue from
operations; or (iv) there is a change of control requiring an 8-K filing,
whichever first occurs.
3. Except as expressly set forth in this First Amendment, the Agreement
shall remain in full force and effect, enforceable in accordance with its terms.
EMPLOYEE:
/s/ Xxxxxxx X. Xxxx, Xx.
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Xxxxxxx X. Xxxx, Xx.
EMPLOYER:
Vista Exploration Corporation
/s/ Xxxxxxx X. Xxxx, Xx.
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By: Xxxxxxx X. Xxxx, President