EMPLOYMENT AGREEMENT ADDENDUM #2
Exhibit
10.4
EMPLOYMENT
AGREEMENT ADDENDUM #2
This
Addendum pertains to the Employment Agreement between ▇▇▇▇
▇. ▇▇▇▇▇▇
("Employee") and Left
Behind Games Inc.
("LBG"
or the "Company") as Chief Executive Officer. Employee
and the Company are sometimes individually referred to herein as a "party"
and
collectively as the "parties."
The
“Base
Salary” as stated in the original agreement, shall be amended to include the
following provisions:
| a) |
After
Company achieves Initial Revenues:
Salary of One Hundred Fifty Thousand US Dollars ($150,000.00
USD).
|
| b) |
After
Company achieves $4 million in Annual Revenues:
Salary of One Hundred Eighty Thousand US Dollars ($180,000.00 USD),
a
Twenty-Five Thousand Dollar ($25,000.00) Bonus, and a One Thousand
Dollar
($1,000.00) per month Expense Account to be spent at your
discretion.
|
| c) |
After
Company achieves $8 million in Annual Revenues:
Salary of Two Hundred Twenty Thousand US Dollars ($220,000.00 USD),
a
Fifty Thousand Dollar ($50,000.00) Bonus, and a Two Thousand Dollar
($2,000.00) per month Expense Account to be spent at your
discretion.
|
| d) |
After
Company achieves $12 million in Annual Revenues:
Salary of Two Hundred Sixty Thousand US Dollars ($260,000.00 USD),
a
Seventy-Five Thousand Dollar ($75,000.00) Bonus, and a Three Thousand
Dollar ($3,000.00) per month Expense Account to be spent at your
discretion.
|
| e) |
After
Company achieves $16 million in Annual Revenues:
Salary of Three Hundred Thousand US Dollars ($300,000.00 USD), a
One
Hundred and Fifty Thousand Dollar ($150,000.00) Bonus, and a Five
Thousand
Dollar ($5,000.00) per month Expense Account to be spent at your
discretion.
|
By
signing below, the parties acknowledge they have read, understand and agree
to
this terms and conditions of this Addendum.
| EMPLOYEE | |
| /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇ | Feb 1, 2005 |
|
_____________________
|
___________ |
| ▇▇▇▇ ▇. ▇▇▇▇▇▇ |
Date
|
ACCEPTED:
LEFT
BEHIND GAMES INC.
a
Delaware corporation
/s/
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Feb
1,
2005
By:______________________ ___________
▇▇▇▇▇▇▇
▇. ▇▇▇▇▇▇▇▇, President Date