ADDENDUM TO
EMPLOYMENT AGREEMENT
This Addendum ("Addendum") to that certain Employment Agreement
("Agreement") by and between Xxxxx Xxxxxxxx Entertainment, Inc., a Colorado
corporation (now known as Go Online Networks Corporation, a Delaware
corporation) (the "Company") and Xxxxx Xxxxxx ("Employee") dated effective as of
April 12, 1999 is executed effective this 4th day of November, 1999.
Capitalized terms used herein shall have the same meaning as in the
Agreement.
1. Paragraph 3.1(d) of the Agreement is hereby restated in its entirety
to read as follows:
"In addition to the Salary, Bonus, and Third-Party Bonus set forth herein,
Employee shall be granted options to acquire "restricted" shares of Company
common stock as follows: (i) Options to acquire One Million (1,000,000) shares
of "restricted" Company common stock at a price of $0.20 per share, exercisable
for a period of two (2) years from the date of this Agreement; and (ii) Options
to acquire One Hundred Fifty Thousand (150,000) shares of "restricted" Company
common stock at a price of $0.24 per share, exercisable for a period of two (2)
years from the date of this Agreement."
The balance of the terms of the Agreement are hereby acknowledged and
agreed to and shall remain in full force and effect.
/s/ Xxxxx Xxxxxx
____________________________ Go Online Networks Corporation,
Xxxxx Xxxxxx
a Delaware corporation
/s/ Xxxxxx X. Xxxxxxxx
______________________________
By: Xxxxxx X. Xxxxxxxx
Its: Chief Executive Officer
