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EXHIBIT 10.14
ADDENDUM TO NOVEMBER 21, 1999 EMPLOYMENT AGREEMENT
THIS ADDENDUM dated as of January 1, 1999, is to that certain EMPLOYMENT
AGREEMENT (the "Agreement") dated as of November 21, 1998 by and among
Snowboard Corsaire, Inc. ("Corsaire"), and Xxxxxxx X. Xxxxxxxx ("Xxxxxxxx")
RECITALS
WHEREAS, the parties have determined that the Agreement needs to be
modified in certain respects; and
WHEREAS, the parties are simultaneously excuting the Agreement and this
Addendum.
NOW THEREFORE, THE PARTIES AGREE AS FOLLOWS:
The following numbered paragraph in the Agreement shall be replaced in its
entirety by the following paragraph. All other paragraphs in the Agreement
shall remain in full force and effect and are incorporated herein by reference.
5. STOCK COMPENSATION. In addition to a salary to be determined by the
new Board of Directors, Corsaire agrees to issue to Xxxxxxxx TWO MILLION
(2,000,000) shares of Corsaire common stock upon execution of this Addendum.
Said shares are subject to the Company's absolute right of cancellation if
Xxxxxxxx has not become president of Corsaire on or before March 31, 1999.
AGREED AND ACCEPTED on this 1st day January, 1999.
Snowboard Corsaire, Inc.
/s/ Xxxxxxx X. Xxxxxxxx By: /s/ Xxxx Hamouth
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Xxxxxxx X. Xxxxxxxx Xxxx Hamouth, President and Sole Director
