EXHIBIT 10.10
AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment dated May 2, 2000 amends the Employment Agreement
("Agreement") dated July 11, 1999, by and between MCY MUSIC WORLD, INC. a
Delaware company (the "Company") and Xxxxxxxx Xxxxxxx (the "Executive").
In consideration of the mutual covenants herein contained, the parties
agree as follows:
1. AMENDMENT OF POSITION AND RESPONSIBILITIES. The Executive hereby
agrees that while employed by the Company he shall no engage in outside legal
matters for compensation.
2. CONSIDERATION. As consideration for Employee's agreement as set
forth in Paragraph 1 above, the Company shall pay the Employee a lump sum fee of
$185,000 on the date hereof.
3. CONSTRUCTION. The foregoing shall modify the Agreement as set forth
herein. All other terms of the Agreement shall remain unaffected by this
Amendment.
4. GOVERNING LAW. This Amendment is to be governed by and construed in
accordance with the laws of New York, without giving effect to principles of
conflicts of law.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as
of the date first above written.
MCY MUSIC WORLD, INC. EXECUTIVE
By: /s/ Xxxxxxxx Xxxxxxx By: /s/ Xxxxxxxx Xxxxxxx
Name: Xxxxxxxx Xxxxxxx Name: Xxxxxxxx Xxxxxxx
Title: Chief Executive Officer Title: General Counsel
