EXHIBIT 10.4
REVISED VIDEO AGREEMENT
The agreement between Xxxxxxx-Xxxxx Productions and Tex-Mex, Inc., dated January
17, 1995, was agreed to be cancelled on March 27, 2003. Those present at the
meeting at Tex-Mex Inc. facilities, known as Xxxx Xxxxx'x Southwestern Cooking
School at 000 Xxxxxx XX, Xxxxxxxxxxx, XX 00000, were Xxxxxx Xxxxxxx and Xxxxxxx
Xxxxx, Xxxxxx XxXxxx and Xxxx Xxxxx.
All present agreed that instead of splitting the net profits 50:50 as originally
agreed, a 10% royalty will now be paid monthly on the gross sales of videos;
based on the actual selling price collected.
All parties agreed that a maximum of $12,000 will be paid as royalties to Xxxxxx
Xxxxxxx and Xxxxxxx Xxxxx. Each will paid individually, one-half of the
royalties due each month or royalties of 5% each, since they are no longer
associated in business together. When $12,000 has been paid, this agreement will
be satisfied.
Agreed: /s/ Xxxx Xxxxx for Tex-Mex Inc.
Xxxx Xxxxx
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/s/ Xxxxxxx Xxxxx
Xxxxxxx Xxxxx
/s/ Xxxxxx Xxxxxxx
Xxxxxx Xxxxxxx
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