ADDENDUM NO. 1 TO CONSULTING AGREEMENT
FOR GOOD AND VALUABLE CONSIDERATION, the receipt of which is hereby accepted and
acknowledged, by and between TVE Corporation, formerly AlphaCom Corporation (the
"Company") and Xxxxxx Xxxxxx ("Consultant") as defined in the Consulting
Agreement, the parties agree as follows:
(1) Consultant performed consulting services to the Company which have
not been paid and there has been a change in control of the Company and new
management would like to pay Consultant through the issuance of shares of
Company common stock;
(2) Consultant is owed $US 81,963.51 by the Company and the Company
desires to issue Consultant 993,497 shares of the Company's common stock (the
"Shares") in lieu of such payment and register such shares at the time of
initial issuance, or immediately thereafter, on Form S-8 under the Securities
Act of 1933.
(3) Consultant desires to receive the Shares in consideration for
amounts owed by the Company.
Unless specifically modified by this Agreement, all terms and conditions of
the Consulting Agreement shall remain in full force and effect. Dated: April 1,
2003.
TVE CORPORATION
By: /s/ Xxxxx X. Xxxxx
--------------------------------------------
Xxxxx X. Xxxxx, Chief Executive Officer
/s/ Xxxxxx Xxxxxx
-------------------
XXXXXX XXXXXX
