ADDENDUM TO EMPLOYMENT AGREEMENT BETWEEN RICHARD G. LUBIC AND USA BROADBAND, INC.
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Exhibit 10.2
ADDENDUM TO EMPLOYMENT AGREEMENT BETWEEN
XXXXXXX X. XXXXX AND USA BROADBAND, INC.
This Management Service Agreement is by and between DL COMMUNICATIONS, INC., a Nevada corporation ("DL"), and USA BROADBAND, INC., a Delaware corporation ("USA"), and is an Addendum to the Employment Agreement dated January 17, 2003 by and between XXXXXXX X. XXXXX ("XXXXX") and USA BROADBAND, INC., a Delaware corporation ("USA") and its various subsidiaries currently existing or to be formed including Cable California SA de CV, a Mexican corporation.
XXXXX shall also be appointed as Chairman of the Board of Directors of USA.
A copy of the Employment Agreement between USA and XXXXX is attached.
This Agreement for services of XXXXX shall be for a period of three (3) years with all compensation for said Management Services (Employment Agreement) to be paid to:
DL
Communications, Inc.
0000 Xxxxx Xxxx Xxxxx
Xxx Xxxxx, Xxxxxx 00000
($250,000 per annum payable twice monthly on the 1st and 15th day of the month @ $10,417.00 twice for a total management payment of $20,833.33 per month).
Note: Any services performed by Xxxxx prior to the funding of USA in an amount of no less than $1 million shall be compensated by payment to DL Communications, Inc. of the sum of $2,500 per day, plus any [illegible] business expenses.
Payment shall commence upon USA receiving additional funding in an amount of no less than $1 million.
Dated this 12th day February, 2003.
| DL COMMUNICATIONS, INC., a Nevada corporation |
USA BROADBAND, INC., a Delaware corporation |
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By: |
/s/ XXXXXXX X. XXXXX |
By: |
/s/ XXXXX XXXXXX |
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| Xxxxxxx X. Xxxxx | Xxxxx Xxxxxx | |||||
ADDENDUM TO EMPLOYMENT AGREEMENT BETWEEN XXXXXXX X. XXXXX AND USA BROADBAND, INC.
