THIRD AMENDMENT TO EMPLOYMENT AGREEMENT
THIRD
AMENDMENT TO EMPLOYMENT AGREEMENT
This
Third Amendment (the "Third Amendment") to that certain employment agreement
(the "Agreement") dated May 3, 2005 by and between Westside
Energy
Corporation (the "Company") and Xxxx X. Xxxxxx (“Xxxxxx”) is made and entered
into as of the 4th
day of
April, 2007, but effective as of the 1st
day of
January,
2007 by
and
between the Company and Austin. All capitalized, undefined terms used herein
shall have the respective meanings given to such terms in the
Agreement.
Recitals
WHEREAS,
the Agreement was entered on or about May 3, 2005; and
WHEREAS,
the Agreement was first amended effective January 1, 2006 by an instrument
entitled “FIRST AMENDMENT TO EMPLOYMENT AGREEMENT;” and
WHEREAS,
the Agreement was amended a second time effective September 1, 2006 by an
instrument entitled “SECOND AMENDMENT TO EMPLOYMENT AGREEMENT;” (for purposes of
the remainder of this Third Amendment, the term “Agreement” shall mean the
Agreement as heretofore amended by said First and Second Amendments); and
WHEREAS,
the
Company and Austin desire to amend further the Agreement upon the terms,
provisions and conditions set forth hereinafter;
Agreement
NOW,
THEREFORE, in consideration of the mutual covenants and agreements of the
Company and Austin to amend the Agreement, the Company and Austin agree as
follows:
1. Amendment
to the Agreement.
The
Agreement is hereby amended so that the annual
salary rate provided for thereunder is increased from $160,000 to
$200,000.
2. Miscellaneous.
Except
as otherwise expressly provided herein, the Agreement is not amended, modified
or affected by this Third Amendment. Except as expressly set forth herein,
all
of the terms, conditions, covenants, representations, warranties and all other
provisions of the Agreement are herein ratified and confirmed and shall remain
in full force and effect. On and after the date on which this Third Amendment
becomes effective, the terms, "Agreement," "hereof," "herein," "hereunder"
and
terms of like import, when used herein or in the Agreement shall, except where
the context otherwise requires, refer to the Agreement, as amended by this
Third
Amendment. This Third Amendment may be executed into one or more counterparts,
and it shall not be necessary that the signatures of all parties hereto be
contained on any one counterpart hereof; each counterpart shall be deemed an
original, but all of which together shall constitute one and the same
instrument.
[SIGNATURES
TO FOLLOW]
2
IN
WITNESS WHEREOF, this Third Amendment to the Agreement is adopted as of the
4th
day of
April, 2007, but effective as of the 1st
day of
January,
2007.
"COMPANY"
"AUSTIN"
WESTSIDE
ENERGY CORPORATION
By:_________________________________ ____________________________________
Xxxx
X.
Xxxxxx
Name:______________________________
Title:_______________________________
