Exhibit 10.4
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ADDENDUM
TO THE EMPLOYMENT AGREEMENT BY AND
BETWEEN XXXX X. XXXXXX AND CCC GLOBALCOM CORPORATION
This addendum to that one and certain Employment Agreement dated February 16,
2001 between the Parties is executed and incorporated as an integral part of
such Agreement.
WHEREAS, the Board of Directors of the Company (the "Board") has made Xxxx X.
Xxxxxx ("Employee") an offer of employment to serve as Chief Executive Officer
of the Company.
WHEREAS, Employee has accepted the Board's offer of employment as Chief
Executive Officer, effective August 16, 2002.
NOW THEREFORE, in return for Employee accepting the position of Chief Executive
Officer, the Company and Employee agree to the following:
(1) Employee will be issued an additional 500,000 shares of the Company's Common
Stock, in addition to the 500,000 shares agreed to in Section 4.1 (a) of the
Employment Agreement.
(2) The Company shall pay to Employee an annual base salary of $220,000.00 or
such higher rate as may from time to time be determined in the sole discretion
of the Board, provided that the Compensation Committee of the Board and the
Board shall review Employee's base salary on an annual basis. Employee's base
salary shall be paid in substantially equal semi-monthly installments.
(3) All other terms of Employee's Employment Agreement to remain the same.
AGREED AND ACCEPTED
EMPLOYEE CCC GLOBALCOM CORPORATION
/s/Xxxx X. Xxxxxx /s/Z. A. Hakim
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Xxxx X. Xxxxxx Z. A. Hakim
Date :_____________________ Date :_________________________
