JANUARY 11, 2005 AMENDMENT
TO THE EMPLOYMENT AGREEMENT
BETWEEN
NEW FRONTIER MEDIA, INC.
AND
XXXXX X. XXXXXX
This amendment dated January 11, 2005 ("January 11, 2005 Amendment") amends the
Employment Agreement dated August 1, 2002, and all amendments thereto
(collectively the "Employment Agreement"), between New Frontier Media, Inc.
("New Frontier") and Xxxxx X. Xxxxxx ("Executive"). Unless otherwise defined in
this January 11, 2005 Amendment, all defined terms used herein shall have the
meaning as set forth in the Employment Agreement. The parties hereby agree to
amend the Employment Agreement as follows:
Section 1. Employment Period
The end of the Employment Period shall be extended to midnight on March 31,
2007.
Section 2. Terms of Employment, Subsection (B)(i) Base Salary
Beginning on April 1, 2005, the Base Salary, which shall be paid in equal
installments on a bi-weekly basis, shall be at the annual rate of not less than
One Hundred and Eighty Thousand Dollars ($180,000) per year.
To the extent that this January 11, 2005 Amendment contains additional terms or
terms that conflict with the Employment Agreement, the terms of this January 11,
2005 Amendment shall control. Other than the changes above, the terms and
condition of the Employment Agreement remain unchanged and in full force and
effect.
New Frontier Media, Inc. Executive
By: /s/ Xxxxxxx Xxxxxx By: /s/ Xxxxx X. Xxxxxx
---------------------- ------------------------
Name: Xxxxxxx Xxxxxx Name: Xxxxx X. Xxxxxx
Title: CEO
