Addendum to Employment Contract
Addendum to employment contract between XXXx.xxx, Inc. ("Employer") and Xxxxxx
X. Richfield ("Employee") dated July 12, 2000.
WHEREAS, Employer and Employee previously entered into an employment contract
dated January 1, 2000; and,
WHEREAS, for good and valuable consideration Employer and Employee have agreed
to modify the contract;
NOW, THEREFORE, the Parties hereto agree as follows:
1.) Paragraph 3(A). The phrase, "Employer shall pay Employee a salary at the
rate of $150,000.00 per year" shall be replaced with the phrase , "Employer
shall pay Employee a salary at the rate of $200,000.00 per year" .
2.) All other terms and provisions of said contract shall remain in full force
and effect.
IN WITNESS WHEREOF, The parties have executed this Agreement effective as of the
day and year first above written.
XXXx.xxx, Inc.
By:
__/s/Xxxxxx X. Richfield________
Name: Xxxxxx X. Richfield
Its: President & CEO
Employee:
_______/s/Xxxxxx X. Richfield______
Xxxxxx X. Richfield
