EXHIBIT 6(B)
THIS AGREEMENT, made and entered as of the 1st day of August,
1996, by and between Yavapai Hills, Inc., a corporation organized and existing
under the laws of the State of Delaware (hereinafter called "Company"), and
Xxxxx X. Xxxxxxxxxx (hereinafter called "Executive").
WHEREAS, the Company and Executive heretofore entered into an
Agreement dated as of the 1st day of January, 1994, relating to the employment
by the Company of the Executive (the "Executive Employment Agreement"); and
WHEREAS, the Company and Executive desire to amend said
Agreement as hereinafter provided.
NOW, THEREFORE, in consideration of the mutual covenants and
agreements contained herein and for other valuable consideration, receipt of
which is hereby acknowledged, and in recognition of the prior services rendered
by the Executive, the parties agree as follows:
1. Sub-paragraph (b) of paragraph 3 of the Executive
Employment Agreement is amended in its entirety to read as follows:
(b) (i) For each of the seven consecutive 12 month periods
commencing with the first day of the month immediately
following the date of Executive's death, the Death Benefit
shall be $16,666.66 per month.
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(ii) For the next eight consecutive 12 month periods,
the Death Benefit shall be $8,333.33 per month.
2. Except as herein specifically amended, the Executive
Employment Agreement remains in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Agreement
as of the date first above written.
YAVAPAI HILLS, INC.
By: /s/ Xxxxxxx X. Xxxxx
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/s/ Xxxxx X. Xxxxxxxxxx
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XXXXX X. XXXXXXXXXX
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