EXHIBIT 10.6
ADDENDUM TO EMPLOYMENT AGREEMENT FOR XXXX X. XXXXXXXX,
XXXXXXX X. XXXXXXXXX AND XXXXXXX X. XXX
THIS ADDENDUM is made July 7, 1998, at the City of Fort Lauderdale,
County of Broward, State of Florida, between CAPITAL NETWORK OF AMERICA, CORP.,
a Nevada Corporation, and wholly owned subsidiary of QuikBIZ Internet Group,
Inc., a public Nevada Corporation, hereinafter "Employer", and XXXX X. XXXXXXXX,
XXXXXXX X. XXXXXXXXX, and XXXXXXX X. XXX hereinafter collectively "Employee".
Employer and Employee agree to amend the employment agreement with Xxxx X.
Xxxxxxxx dated 04/13/98 as amended 07/06/98, XXXXXXX X. XXXXXXXXX dated
04/13/98, and XXXXXXX X. XXX dated 04/13/98 as follows:
SECTION FOUR: The gross annual salary compensation of ONE HUNDRED THOUSAND
($100,000) DOLLARS per year for serving as officer and director, with an
increase of 10% per year effective the first day of January, 1999, during the
term of this contract for employee shall not accrue.
SECTION FIVE: The expenses of the employer shall be equally borne by Xxxxxxx X.
Xxxxxxxxx, Xxxx X. Xxxxxxxx, and Xxxxxxx X. Xxx, until such time as revenue is
produces by the employer to pay for same, not to exceed one (1) year. It is
understood and agreed that following the ability of employer to cover company
expenses as well as salary payments to Xxxxxxx X. Xxxxxxxxx, Xxxx X. Xxxxxxxx
and Xxxxxxx X. Xxx in accordance with respective employment agreements with
employer, net revenue of employer shall be distributed as follows: one- third
(1/3) toward any salary of Xxxxxxx X. Xxxxxxxxx, Xxxx X. Xxxxxxxx, and Xxxxxxx
X. Xxx; one-third (1/3) toward any accrued expenses of employer payable to
Xxxxxxx X. Xxxxxxxxx, Xxxx X. Xxxxxxxx, and Xxxxxxx X. Xxx; and one-third (1/3)
toward profits of the employer company.
EMPLOYER: EMPLOYEE:
CAPITAL NETWORK OF AMERICA, XXXX X. XXXXXXXX
A Nevada Corporation XXXXXXX X. XXXXXXXXX
XXXXXXX X. XXX
BY:/s/Xxxxxxx X. Xxxxxxxxx /s/ Xxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxxxx, Vice President Xxxx X. Xxxxxxxx
and Director
/s/ Xxxxxxx X. Xxxxxxxxx
------------------------
Xxxxxxx X. Xxxxxxxxx
/s/ Xxxxxxx X. Xxx
------------------------
Xxxxxxx X. Xxx
WITNESS:
/s/ Xxxxx Xxxxxxxx /s/ Xxxxxx X. Xxxxx
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Xxxxx Xxxxxxxx Xxxxxx X. Xxxxx
