EXHIBIT 10(c)
POLOSTRO LIMITED
X.X. Xxx 000
6 Commercial Street
St. Helier, Jersey
Channel Islands
Xxxxx Xxxxxxxx (Eastern Hemisphere) Limited
Xxxxxxxxx Xxxxxxxx
X.X. Xxx 00
Xxxx Xxxx, Xxxxxxx
Xxxxxxx Xxxxxx Xxxxxxx
Date: November 2, 1998
Dear Sirs,
CONSULTANCY AGREEMENT - AMENDMENT NO. 2
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The purpose of this letter is to set out an amendment to that certain
Consultancy Agreement dated April 1, 1991 between Polostro Limited and Xxxxx
Xxxxxxxx (Eastern Hemisphere) Limited (as the same has heretofore been amended,
the "Agreement"). The terms and conditions of this amendment shall be as
follows:
1. Clause 5 of the Agreement shall be amended by deleting the amount
"US225,000" specified therein and substituting, in lieu thereof, the amount
"US500,000".
2. The foregoing amendment shall be deemed to have effect from 1st April 1998.
3. Except as set forth hereinabove, all of the other terms and conditions of
the Agreement shall remain in full force and effect between us unchanged.
Would you please confirm your agreement to the above by signing this letter in
the space provided below and returning a copy to our attention. The receipt by
us of your signed counterpart of this letter will constitute a legally binding
agreement between us on the terms of this letter.
Yours faithfully,
/s/ Xxxxxxxx Xxxxxx
---------------------------
For and on behalf of
POLOSTRO LIMITED
Acknowledged and Agreed to:
/s/ Xxxx Xxxxxxxx
----------------------------
For and on behalf of
XXXXX XXXXXXXX (EASTERN HEMISPHERE) LIMITED
