ADDENDUM TO EMPLOYMENT AGREEMENT
THIS ADDENDUM is made and entered into this 1 day of September, 1999,
between XXXX MEDIA CORPORATION, an Oregon Corporation (the "Company") and Xxxxx
X. Xxxxx (the "Executive").
WHEREAS, the Company and Executive entered into an Employment Agreement
dated September 1, 1998;
WHEREAS, the Company and Executive desire to amend the Employment
Agreement; and
WHEREAS, Paragraph 12.3 provides for modification by writing duly
executed by the parties.
NOW, THEREFORE, in consideration of the mutual promises and conditions contained
herein and other good and valuable consideration, the Company and Executive
hereby agree to add the following provisions:
1. "Section 3.a Executive agrees to use his best efforts to promote the
interests of the company and to devote sixty percent (60%) of his
working time, attention and energies (three (3) days per week) to
performance of his duties under this Agreement effective September 1,
1999."
2. "Section 4.a Subject to Section 7 of this Agreement, the Company agrees
to pay a salary of $116,673 per year less any federal and state
withholding taxes or other employment taxes, payable in substantially
equal installments at the same intervals as other senior executives of
the Company are paid. The salary shall increase by $16,668 in each of
the third, fourth and fifth years of employment"
3. "Section 12.11 Notwithstanding anything herein to the contrary, Executive and
the Company upon their mutual agreement and in good faith may reinstate the
original terms of Sections 3 and 4 of the Employment Agreement."
IN WITNESS WHEREOF, the parties have signed this Addendum on the date
first written above.
Attest: XXXX MEDIA COPRORATION
By: /s/
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Secretary Xxxxx Xxxx, President
/s/ (SEAL)
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Xxxxx X. Xxxxx
