EMPLOYMENT AGREEMENT ADDENDUM #2
Exhibit
10.4
EMPLOYMENT
AGREEMENT ADDENDUM #2
This
Addendum pertains to the Employment Agreement between Xxxx
X. Xxxxxx
("Employee") and Left
Behind Games Inc.
("LBG"
or the "Company") as Chief Executive Officer. Employee
and the Company are sometimes individually referred to herein as a "party"
and
collectively as the "parties."
The
“Base
Salary” as stated in the original agreement, shall be amended to include the
following provisions:
| a) |
After
Company achieves Initial Revenues:
Salary of One Hundred Fifty Thousand US Dollars ($150,000.00
USD).
|
| b) |
After
Company achieves $4 million in Annual Revenues:
Salary of One Hundred Eighty Thousand US Dollars ($180,000.00 USD),
a
Twenty-Five Thousand Dollar ($25,000.00) Bonus, and a One Thousand
Dollar
($1,000.00) per month Expense Account to be spent at your
discretion.
|
| c) |
After
Company achieves $8 million in Annual Revenues:
Salary of Two Hundred Twenty Thousand US Dollars ($220,000.00 USD),
a
Fifty Thousand Dollar ($50,000.00) Bonus, and a Two Thousand Dollar
($2,000.00) per month Expense Account to be spent at your
discretion.
|
| d) |
After
Company achieves $12 million in Annual Revenues:
Salary of Two Hundred Sixty Thousand US Dollars ($260,000.00 USD),
a
Seventy-Five Thousand Dollar ($75,000.00) Bonus, and a Three Thousand
Dollar ($3,000.00) per month Expense Account to be spent at your
discretion.
|
| e) |
After
Company achieves $16 million in Annual Revenues:
Salary of Three Hundred Thousand US Dollars ($300,000.00 USD), a
One
Hundred and Fifty Thousand Dollar ($150,000.00) Bonus, and a Five
Thousand
Dollar ($5,000.00) per month Expense Account to be spent at your
discretion.
|
By
signing below, the parties acknowledge they have read, understand and agree
to
this terms and conditions of this Addendum.
| EMPLOYEE | |
| /s/ Xxxx X. Xxxxxx | Feb 1, 2005 |
|
_____________________
|
___________ |
| Xxxx X. Xxxxxx |
Date
|
ACCEPTED:
LEFT
BEHIND GAMES INC.
a
Delaware corporation
/s/
Xxxxxxx X. Xxxxxxxx Feb
1,
2005
By:______________________ ___________
Xxxxxxx
X. Xxxxxxxx, President Date
