THINK NEW IDEAS, INC.
0000 Xxxxxx Xxxxxxxxx, Xxxxxxxxx Xxxx
Xxx Xxxxxxx, Xxxxxxxxxx 00000
July 30, 1997
Xx. Xxxxx Xxxxxxx
Vice President
THINK New Ideas, Inc.
000 Xxxxxx Xxxxxx, Xxxxx 0X
Xxxxxxx, Xxxxxxx 00000
Re: Amendment To Employment Agreement Dated June 30, 1996
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Dear Xxx:
Reference is hereby made to that certain employment agreement dated as of
June 30, 1996 (the "Employment Agreement") between THINK New Ideas, Inc. (the
"Corporation") and Xxxxx Xxxxxxx (the "Employee"). This letter is intended to
confirm that, notwithstanding anything else to the contrary set forth in the
Employment Agreement, the Corporation and the Employee hereby agree that the
Period of Employment, as that term is defined in the Employment Agreement, be
and hereby is extended for a period of one (1) year from June 30, 1997, and is
subject to renewal as specified in the Employment Agreement. In consideration of
the Employee's agreement to extend the Period of Employment as set forth herein,
the Corporation has agreed to grant the Employee a bonus of $15,000 payable upon
Employee's counter-execution hereof.
Except as otherwise expressly modified hereby or required to effectuate
the modification set forth herein, the Employment Agreement shall remain
unchanged and shall continue in full force and effect pursuant to the terms
thereof.
This letter agreement contains the entire agreement between the
Corporation and the Employee with respect to the modification which is the
subject hereof. This letter agreement may not be amended, changed, modified or
discharged, nor may any provision hereof be waived, except by an instrument in
writing executed by or on behalf of the party against whom enforcement of any
amendment, waiver, change, modification or discharge is sought. No course of
conduct or dealing shall be construed to modify, amend or otherwise effect any
of the provisions hereof.
Please confirm that the Employee is in agreement with the foregoing, and
that the foregoing is in accordance with your understanding by signing and
returning this letter, which shall thereupon constitute a binding agreement.
Agreed to and accepted as of this
31st day of July, 1997: Very truly yours,
THE EMPLOYEE THINK NEW IDEAS, INC.
By: /s/ Xxxxx Xxxxxxx By: /s/ Xxxxx X. Xxxxxxx
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Xxxxx Xxxxxxx Xxxxx X. Xxxxxxx
Chief Executive Officer