Exhibit 10.23
TO: Xxxx Xxxxxxx
FM: Xxxx X. Xxxx
SUBJ: Amended Employment Agreement
DATE: September 1, 2002
This letter amends my employment agreement with Trend Mining Company of July 1,
2001.
From September 1, 2002 my compensation per month shall be $3000 in cash. If the
Company cannot pay such sums in cash, then, at my option, I may convert the
compensation owed to restricted shares at the prevailing rate at which shares
are or were most recently sold.
This compensation is a retainer and is in exchange for my services as Secretary
and Treasurer of the Company. I will undertake these duties to the best of my
abilities and will be available for consultation, meetings, conference call,
advice and support as needed.
This agreement may be cancelled by you or by the action of the Board upon thirty
days notice. Similarly, it may be cancelled by me with thirty days notice.
Sincerely,
/s/ Xxxx Xxxx
Xxxx Xxxx
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I, Xxxx Xxxxxxx, President of Trend Mining, hereby confirm the terms of Xx.
Xxxx'x agreement as outlined above.
/s/ Xxxx Xxxxxxx
Xxxx Xxxxxxx, President
