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EXHIBIT 10.33
ADDENDUM TO
CONSULTING AGREEMENT
This addendum is made and entered into as of February 24, 1999, by and
among Inland Entertainment Corporation, a Utah corporation (the "Company"), and
Xxxxxx Xxxxx Consultants, Inc., a California corporation (the "Consultant").
WITNESSED
Company and Consultant have previously entered into a CONSULTING
AGREEMENT (the "Agreement"), dated as of February 13, 1998, and
Company and Consultant desire to extend said Agreement upon the
following terms and conditions:
1. The Term of the extension shall be the period from February 13,
1999, through February 13, 2000 (the Extension Period).
2. The two sentences in paragraph 1.1 of the Agreement beginning with
"The Consultant shall . . ." and ending with " . . . under Section 2 shall be
suspended." found in lines 7 through 11, are deleted during the Extension
Period.
3. Paragraph 2 of the Agreement is deleted and replaced with the
following during the Extension Period:
"Compensation During Extension Period. Company shall pay to Consultant
a non refundable retainer of Fifty Thousand Dollars ($50,000.00) (the
Retainer Amount). Consultant shall invoice Company, on a pre-approved
basis, for its consulting services at the rate of One Hundred and
Twenty Five Dollars ($125.00) per hour. If and when the Consultant=s
pre-approved consulting services exceed the Retainer Amount during the
term of this Addendum, then Consultant will continue to invoice Company
and Company shall pay to Consultant for said services at the rate of
One Hundred Twenty Five Dollars ($125.00) per hour. If, at the end of
the Extension Period, Consultant has not invoiced Company for the
entire amount of the Retainer Amount, then Consultant shall be entitled
to keep said amount without any liability to Company.
In addition to the compensation for its services, Consultant
shall invoice Company and Company shall reimburse to Consultant its
reasonable travel and subsistence (food and lodging) costs."
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4. Paragraph 10, Notices, shall be amended for notices to Company by
deleting "Xxxx Xx Xxxxxx, Controller and Chief Accounting Officer" and replacing
said notice to be "Attn.: L. Xxxxxx Xxxxx, XX, Chairman of the Board" during the
Extension Period.
5. All other terms and conditions of the Agreement, except as herein
modified shall remain in full force and effect during the Extension Period.
IN WITNESS WHEREOF, the parties have executed and delivered this
ADDENDUM.
Inland Entertainment Corporation
A Utah Corporation
Dated: February 24, 1999 By: /s/ L. XXXXXX XXXXX, XX
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L. Xxxxxx Xxxxx, XX
Chairman of the Board
Xxxxxx Xxxxx Consultants, Inc.,
A California Corporation
Dated: February 19, 1999 By: /s/ XXXXXX X. XXXXXXXXXXX
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Xxxxxx X. Xxxxxxxxxxx
President
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