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EXHIBIT 10.50
AMENDMENT TO CONSULTING AGREEMENT
This Amendment to Consulting Agreement (this "Amendment") is made and
entered into as of the 29th day of August, 2000, by and between Intervisual
Books, Inc., a California corporation (the "Company"), and Xxxxxxx X. Xxxxx, an
individual ("Consultant").
R E C I T A L
A. The Company and Consultant previously entered into a Consulting
Agreement dated as of the first day of November, 1996 (the "Consulting
Agreement"), and the parties hereto desire to amend the Consulting Agreement as
provided for in this Amendment.
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:
1. Amendment of Term of Engagement. The date "December 31, 2001" found
in Section 2 of the Consulting Agreement is hereby amended and revised to read
"May 31, 2003."
2. Amendment of Section 4.c. Section 4.c. of the Consulting Agreement is
hereby amended so that commencing in August 2000 the Company's payments shall be
amended to $5,000 per month (instead of $10,000) and shall continue through May
31, 2003. No other benefits shall be paid by the Company.
3. Modifications and Amendments. Except as specifically amended or
modified as provided for in this Amendment, the terms of the Consulting
Agreement shall remain in full force and effect. To the extent there is an
inconsistency between the terms of this Amendment and the terms of the
Consulting Agreement, the terms of this Amendment shall prevail.
The parties hereto have executed this Amendment effective as of the date
indicated above.
"COMPANY"
INTERVISUAL BOOKS, INC., a California
corporation
By: /s/ XXXXX X. XXXX
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Name: Xxxxx X. Xxxx
Title: Chairman
"CONSULTANT"
XXXXXXX X. XXXXX, an individual
/s/ XXXXXXX X. XXXXX
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Xxxxxxx X. Xxxxx
