EXECUTIVE CONSULTANT AMENDMENT AGREEMENT
This Executive Consultant Amendment Agreement (the "Agreement") is made and
entered into effective as of the 1st day of November, 2002 (the "Effective
Date"), between WORLDBID CORPORATION, a Nevada corporation, (the "Company") and
XXXXX XXXXXXXX (the "Consultant").
WHEREAS:
A. The Company and the Consultant entered into an executive consultant
agreement dated September 1, 2001 (the "Executive Consultant Agreement") whereby
the Consultant has agreed to act as president and chief executive officer of the
Company and to provide consultant services to the Company.
B. The Company and the Consultant have agreed to reduce the consultant fee
payable under the Executive Consultant Agreement from $12,500 US per month to
$7,500 US per month effective as of the Effective Date.
THIS AGREEMENT WITNESSES THAT:
1. DEFINITIONS
1.1 Capitalized terms used in this Agreement shall have the same meaning as
specified in the Executive Consultant Agreement unless the context clearly
indicates the contrary.
2. AMENDMENT
2.1 The Consultant Fee payable by the Company to the Consultant pursuant to
the Executive Consultant Agreement is hereby amended from $12,500 US per month
to $7,500 US per month effective as of the Effective Date.
3. MISCELLANEOUS
3.1 The Executive Consultant Agreement shall continue in full force and
effect without amendment, other than expressly amended by this Agreement.
IN WITNESS WHEREOF, the parties have duly executed and delivered this Agreement
as of the date first written above.
WORLDBID CORPORATION
by its authorized signatory:
/s/ Xxxxxx Xxxxxxx
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Signature of Authorized Signatory
Xxxxxx Xxxxxxx
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Name of Authorized Signatory
Chief Financial Officer
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Position of Authorized Signatory
SIGNED, SEALED AND DELIVERED
BY XXXXX XXXXXXXX in the presence of:
/s/ Xxxxxx Xxxxxxx
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Signature of Witness
/s/ Xxxxx Xxxxxxxx
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Address of Witness XXXXX XXXXXXXX
