EXHIBIT 10.41
AMENDMENT #1 TO AGREEMENT DATED AS OF MARCH 17, 2004
THIS INSTRUMENT constitutes AMENDMENT # 1 to that certain Agreement dated
as of March 17, 2004 (the "Agreement") between XXXXXXX X. XXXXXX, a
Massachusetts resident ("Happas"), and SURFNET MEDIA GROUP, INC., A Delaware
corporation ("SurfNet"). SurfNet and the Company are hereinafter referred to
collectively as the "Parties."
The Parties hereby agree to amend the Agreement as follows (each of the
capitalized terms which is used in this letter shall have the same meaning which
is set forth in the Agreement):
1. Section 2 is stricken in its entirety and, a new Section 2) is inserted
in lieu thereof, as follows:
"SurfNet will compensate you for performance of the Services at the
rate of twenty-five thousand dollars ($25,000) per annum through the
issuance of one hundred and twenty-five thousand shares (125,000)
shares of common stock of SurfNet (the Shares") reserved for
issuance under SurfNet's Stock Plan and registered on Form S-8. For
purposes of calculating the aggregate consideration, the value of
the Shares will be determined on October 26, 2004, on the basis of
the last closing sale price on the OTCBB as of that date as quoted
on Yahoo! Finance (i.e., $.20 per share).
2. Except as specifically amended herein, the Agreement remains in full
force and effect.
IN WITNESS WHEREOF, this amendment to the Agreement has been duly executed
by each of the parties hereto as of the day and year above written.
/s/ Xxxxxxx X. Xxxxxx
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XXXXXXX X. XXXXXX
SURFNET MEDIA GROUP, INC.
By: /s/ Xxxxxx Xxxxx
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Xxxxxx Xxxxx, Chairman
