EXHIBIT 10.4
ADDENDUM TO EMPLOYMENT AGREEMENT
This addendum is in reference to the Agreement between UMDN, Inc. and Xxxxxx
Xxxxx, dated August 29,2000.
Beginning November 1,2001, the terms of Compensation shall be amended as
following:
The monthly salary outlined in above referenced agreement shall be deferred for
an undetermined period of time. At such time as Xxx. Xxxxx requests, the total
amount due her will be paid by UMDN, Inc. upon demand or upon his termination
for any reason whatsoever. Xxx. Xxxxx, at her sole discretion may take the
amount due in lawful money and immediately available funds, or opt to receive
all or part of the amount due in company stock or options at the current
established value. Mrs. Xxxxx xxx cancel this deferral at any time with 30 days
written notice.
It is to be noted that the above referenced agreement sets Xxx. Xxxxx'x
compensation at $10,000 monthly. To date she has been compensated in the amount
of $7,300 monthly. Xxx. Xxxxx has waived any and all rights to the unpaid amount
and for the period of this deferral hereby agrees to a monthly salary of $7,000.
At such time as this deferral arrangement ceases Xxx. Xxxxx will revert to the
salary as stated in the original employment agreement.
EMPLOYER:
UMDN, Inc.
By: /s/
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EMPLOYEE: /s/
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