Service Agreement between New Media Lottery Services Plc and Mr. John Carson. We refer to the Service Agreement between New Media Lottery Services Plc (“the Company”) and Mr. John Carson dated 13 March 2006 (the "Principal Agreement").
Exhibit
10-22
Mr.
Xxxx
Xxxxxx
00
Xxxxxx
Xxxx,
Xxxxxxxxxx,
Xxx
Xxxxxx,
XXX
00000.
13
March 2006
Dear
Sir,
Service
Agreement between New Media Lottery Services Plc and Mr. Xxxx
Xxxxxx.
We
refer
to the Service Agreement between New Media Lottery Services Plc (“the Company”)
and Mr. Xxxx Xxxxxx dated
13
March 2006 (the "Principal Agreement").
This
letter is intended to vary the terms of the Principal Agreement, as set out
below, with effect from the date hereof. This letter is a supplemental agreement
to the Principal Agreement (the “Supplemental Agreement”), and both agreements
shall hereafter constitute one agreement (the “Agreement”):
1 |
In
this Supplemental Agreement, capitalised terms will have the same
meaning
as is given to them in the Principal
Agreement.
|
2 |
The
following term shall be added to the Principal Agreement as clause
7.3 and
the remaining clauses in Section 7 shall be renumbered
accordingly:–
"The
Company shall pay to the Director the amount of $122,500 on
the execution
of this Agreement as a bonus to reflect the Directors waiver
of salary due
and owing to him in the said amount by New Media Lottery Services,
Inc, a
group company incorporated under the laws of Delaware,
USA."
|
3 |
For
the avoidance of doubt, the Agreement includes the amendments effected
by
the Supplemental Agreement as if it was executed simultaneously with
the
Principal Agreement.
|
4 |
Except
as amended as set out in this Supplemental Agreement, the terms of
the
Principal Agreement are confirmed and will continue in full force
and
effect.
|
5 |
This
Supplemental Agreement shall be governed by and interpreted in accordance
with the laws of Ireland.
|
Please
confirm your acceptance of the terms of this Supplemental Agreement and your
agreement to be bound by its terms by executing it as a deed and dating where
indicated below and on the enclosed copy of this Supplemental Agreement. Please
keep a copy and return the other to us.
PRESENT
WHEN THE COMMON SEAL
of
NEW
MEDIA LOTTERY SERVICES PLC
was
affixed hereto:
In
the
presence of:
SIGNED
SEALED AND DELIVERED
by
XXXX
XXXXXX
In
the
presence of: