Exhibit 4.6
September 1, 2003
Xxxxxx Xxxxx
Re: LETTER OF AMENDMENT TO INDEPENDENT CONTRACTOR AGREEMENT
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Dear Xxx:
This letter will serve to document the amendment of the terms of the Independent
Contractor Agreement ("Agreement") between Genius Products, Inc. ("Genius"), and
Xxxxxx Xxxxx ("Contractor") dated January 1, 2003, as outlined below.
Effective as of today's date, the sections of Agreement enumerated below are
amended as follows:
ARTICLE 3 (COMPENSATION) - The "Description of Services" incorporated into
Section 3.1 (Terms of Compensation) is amended as follows:
COMPENSATION AND TERMS OF PAYMENT: For each month of service under the
Agreement, Contractor agrees to be paid $6,400 for 160 hours of services at $40
per hour. GP will issue a check to Contractor for payment in the amount of
$2,500.00 on the 5th and 20th of each month and $1,400 worth of free trading
common stock of GP as outlined below. Overtime is authorized at the rate of $40
per hour for up to ten additional hours per week. Any additional overtime hours
must be pre-authorized by GP.
GP will have the option to pay the entire monthly salary in cash. The initial
issuance of stock will occur upon the filing of an S-8 Registration Statement
with the Securities and Exchange Commission, anticipated to occur on or about
October 20, 2003. Thereafter, stock will be issued once per month on or about
the 10th of each month following the month for which payment is due.
Please sign below to acknowledge your acceptance of the amendments to the
Agreement as described in this letter.
Regards, Agreed and acknowledged:
GENIUS PRODUCTS, INC.
/s/ Xxxxxxx Xxxxxx /s/ Xxxxxx Xxxxx
By: Xxxxxxx Xxxxxx, President Xxxxxx Xxxxx, Independent Contractor
cc: Xxxxxxx Xxxx, Payroll
