EXECUTIVE CONSULTANT AMENDMENT AGREEMENT
EXECUTIVE CONSULTANT AMENDMENT AGREEMENT
This Executive Consultant Amendment Agreement (the "Agreement") dated for reference the 29th day of August, 2003 (the "Effective Date"), between WORLDBID CORPORATION, a Nevada corporation, (the "Company") and XXXXX XXXXXXXX (the "Consultant").
WHEREAS:
A. The Company and the Consultant entered into an executive consultant agreement dated September 1, 2001, as amended on November 1, 2002 (the "Executive Consultant Agreement") whereby the Consultant has agreed to act as president and chief executive officer of the Company and to provide consultant services to the Company for a consultant fee of $7,500 US per month.
B. The Company and the Consultant have agreed to extend the term of the Agreement to April 30, 2005.
THIS AGREEMENT WITNESSES THAT:
1. | DEFINITIONS |
1.1 Capitalized terms used in this Agreement shall have the same meaning as specified in the Executive
Consultant Agreement unless the context clearly indicates the contrary.
2. | AMENDMENT |
2.1 The term of this Agreement is hereby extended to April 30, 2005. | |
3. | MISCELLANEOUS |
3.1 The Executive Consultant Agreement shall continue in full force and effect without amendment, other than expressly amended by this Agreement.
IN WITNESS WHEREOF, the parties have duly executed and delivered this Agreement as of the date first written above.
WORLDBID CORPORATION
by its authorized signatory:
/s/ Xxxxxx Xxxxxxx
Signature of Authorized Signatory
Xxxxxx Xxxxxxx
Name of Authorized Signatory
Chief Financial Officer
Position of Authorized Signatory
SIGNED, SEALED AND DELIVERED BY
XXXXX XXXXXXXX in the presence of:
_____________________ | |
Signature of Witness | |
____________________ | /s/ Xxxxx Xxxxxxxx |
Address of Witness | XXXXX XXXXXXXX |