EXHIBIT 10.12
ADDENDUM
This ADDENDUM ("Addendum"), dated March 29, 2002 and effective February
28, 2000, amends and supplements the Memorandum of Understanding ("Memorandum"),
dated July 1, 1999, between Nebraska Book Company, Inc. ("Company") and Xxxx X.
Xxxxxx ("Executive") as follows:
1. On May 10, 2000, Company entered into a Management Services Agreement
("Agreement") with XxxXxxxxxXxx.xxx, Inc. ("CampusHub"), under which Company
agreed to supervise and manage the day-to-day operations of CampusHub.
2. On or about February 28, 2000, CampusHub offered Executive a position as an
executive officer of CampusHub. Such position would not require the full time
and attention of Executive. Executive desires to accept the position and to
continue in his present position with Company.
3. Having investigated the circumstances of CampusHub's offer to Executive,
Company acknowledges and agrees that Executive's employment as an executive
officer of CampusHub would not substantially interfere with the performance of
Executive's duties under the Memorandum and, consequently, has no objection to
Executive accepting CampusHub's offer.
4. The parties acknowledge and agree that, to the extent Executive is performing
services on behalf of Company, including, but not limited to, services in
furtherance of Company's obligations under the Agreement, Executive shall be
subject to the direction and control of the board of directors of Company, but,
to the extent Executive is performing services on behalf of CampusHub, Executive
is subject to the direction and control of the board of directors of CampusHub.
NEBRASKA BOOK COMPANY, INC.
By: /s/ Xxxx X. Xxxxxxxx
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Xxxx X. Xxxxxxxx
Chief Executive Officer,
President and Director
EXECUTIVE
By: /s/ Xxxx X. Xxxxxx
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Xxxx X. Xxxxxx
