July 27, 2012
July 27, 2012
Xxxxx Xxxxxxxx
0000 Xxxx Xxxxx Xxx Xxxx
Xxxxxxxx, XX 00000
Re: Amendment to Employment Agreement
Dear Xx. Xxxxxxxx:
This letter will serve to amend the Employment Agreement ("Employment Agreement"), dated as of February 7, 2012, between you and Red Mountain Resources, Inc.
Section 4 A. of the Employment Agreement establishes the Base Salary which is currently $170,000 per annum. Section 4 A. is hereby amended to increase the Base Salary to $200,000 per annum effective August 1, 2012.
Except as amended herein, all other provisions of the Employment Agreement shall remain in full force and effect.
Please sign this letter in the place below to confirm your agreement.
| Sincerely, | ||
| RED MOUNTAIN RESOURCES, INC. | ||
| By: | /s/ Xxxx X. Xxxxxxxxx | |
| Xxxx X. Xxxxxxxxx | ||
| Chief Executive Officer | ||
| AGREED TO: | |
| /s/ Xxxxx Xxxxxxxx | |
| Xxxxx Xxxxxxxx |
| Red Mountain Resources, Inc. | |
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