AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit 10.19
AMENDMENT TO
This Amendment to Employment Agreement (this “Amendment”) dated as of May 21, 2021 (the “Effective Date”) is by and between NaturalShrimp Incorporated, a Nevada corporation (“Employer”), and Xxxxxx Xxxxxxxxxx (“Employee” and, together with Employer, the “Parties” and each individually, a “Party”).
RECITALS:
A. | Reference is made to that certain Employment Agreement dated effective as of November 1, 2017 by and between Employer and Employee (the Agreement”); |
B. | The Parties now desire to amend the Agreement to increase the compensation of Employee as further set forth herein. |
AGREEMENT:
NOW, THEREFORE, in consideration of the premises and the mutual promises herein made, and in consideration of the representations, warranties, and covenants contained herein, each Party, intending to be legally bound agree as follows:
1. Compensation and Benefits. The Parties agree to and do hereby amend Paragraph 4.1 of the Agreement as follows:
4.1 Base Salary. From and after the Commencement Date, Employee will receive a base salary at the rate of $160,000 per annum (“Base Salary”). The Base Salary will be paid in substantially equal installments in accordance with Employer’s regular payroll practices, as in effect from time to time, and subject to all appropriate withholdings.
2. Notices. The Parties agree to and do hereby amend Paragraph 9.4 of the Agreement as follows:
9.4 Notices. All notices, requests, demands, claims and other communications hereunder will be in writing. Any notice, request, demand, claim or other communication hereunder will be deemed duly given if (and then three business days after) it is sent by registered or certified mail, return receipt requested, postage prepaid, and addressed to the intended recipient as set forth below:
If to Employer:
Natural Shrimp Incorporated
Attn: Xxxxxx Xxxxxxxxxx, President and CEO
0000 XXX Xxxxxxx, Xxxxx 000
Dallas, Texas 75240
Tel: (000) 000-0000
Copy to (which will not constitute notice):
Lucosky Xxxxxxxx
Attn: Xxxxxx Xxxxxxx, Esq
000 Xxxx Xxxxxx Xxxxx, 0xx Floor
Woodbridge, New Jersey. 08830
If to Employee:
Attn: Xxxxxx Xxxxxxxxxx
000 X. Xx. Xxxx’x Xxxxxx, #0000
San Antonio, TX. 78205
Tel: (000) 000-0000
Email: xxxxxxxxxxx@xxxxxxxxxxxxx.xxx
3. Except as specifically amended herein, the terms and conditions of the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed and delivered this Amendment as of the date first above written.
EMPLOYER: |
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NaturalShrimp Incorporated | ||
By: | /s/ Xxxxxx Xxxxxxxxxx | |
Name | Xxxxxx Xxxxxxxxxx | |
Title | President and CEO |
EMPLOYEE: | ||
By: | /s/ Xxx Xxxxxxxxxx | |
Name | Xxx Xxxxxxxxxx |