October 21, 2010 RE: CONTRACT REVISIONS This letter confirms that AREM and Henry Waszczuk (Fins and Skins Media and related entitles) have amended their original agreement Henry Waszczuk acknowledges that all compensation from previously signed...
Exhibit 10.26
October 21, 2010
RE: CONTRACT REVISIONS
This letter confirms that AREM and Xxxxx Xxxxxxxx (Fins and Skins Media and related entitles) have amended their original agreement Xxxxx Xxxxxxxx acknowledges that all compensation from previously signed agreements with AREM (formerly Element 21 Golf Company) have been deemed to be fully paid. Amendment to replace original agreement only if all payments listed below are paid as schedule, otherwise the original agreement dated October 2007 will remain in force.
XXXX will continue to work with Xxxxx Xxxxxxxx and compensate him as follows:
July 1, 2010 - Dec 31, 2010 - Cash payment of $20,000 plus $40,000 in stock. Cash and stock are to be paid in equal monthly installments for the remainder of 2010.
Jan 1, 2011 - Dec 31. 2011 - Cash payment of $12,000 plus $36,000 in stock. New media plan to be outlined by Xxxxx. Cash and stock are to be paid in equal monthly installments.
Jan 1, 2012 - Dec 31, 2012 - Cash payment of $12,000 plus $36,000 in stock. New media plan to be outlined by Xxxxx. Cash and stock are to be paid in equal monthly installments.
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X.Xxxxx, Ph.D. P.Eng.
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Xxxxx Xxxxxxxx
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President, CEO
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Fins Media Group and related entities
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