Exhibit 10.02
ADDENDUM 2 TO THE BEAVON EMPLOYMENT AGREEMENT OF 8-01-02
The following articles of the Xxxxxx Xxxxxx (Xxxxx) Employment Agreement
effective 8-01-2002 as amended on 7-28-2003, are hereby amended as of May 1,
2004:
1. Under paragraph III. F. 4. Stock, Stock Options and Bonuses : The
company will expense the exercise price, and all applicable taxes and
withholding thereon, of five (.05) cents per stock share option for each of the
four million (4,000,000) stock option shares that were already granted under the
original Employment Agreement and Contract Addendum dated 7-28-03, as long as
the company has the available financial resources to expense the options and pay
all applicable taxes and withholding thereon, if any, in the following manner;
one million four hundred thousand (1,400,000) share options nine (9) months from
the first anniversary date of the employment agreement addendum (dated 8-01-03)
on May 1, 2004: then one million three hundred thousand (1,300,000) on January
1,2005; and the final one million three hundred thousand (1,300,000) on January
1, 2006 or anytime thereafter as soon as the company has the available resources
for this expense. Employee will have to be continually employed by the company
when these options are expensed by the company.
IN WITNESS WHEREOF, the undersigned parties hereto have executed this
Addendum Agreement on May 1, 2004.
Schimatic Cash Transactions Xxxxxxx.xxx, Employee: Xxxxxx Xxxxxx (Simon)
Inc.
000 X. Xxxx Xxxxxxx R 0000 X. Xxxxxxx Xxxx.
Las Vegas, NV., 8911 Xxxxx, Xxxx, 00000
By: /s/ Xxxxxxx X. XxXxxx By: /s/ Xxxxxx Xxxxxx (Simon)
---------------------------- -----------------------------
Xxxxxxx X. XxXxxx, CFO/Director Xxxxxx Xxxxxx (Simon),
Employee
