EXHIBIT 10.11
THIRD AMENDMENT TO EMPLOYMENT AGREEMENT
This Third Amendment (the "Third Amendment") to that certain employment
agreement (the "Agreement") dated May 3, 2005 by and between Westside Energy
Corporation (the "Company") and Xxxx X. Xxxxxx ("Xxxxxx") is made and entered
into as of the 4th day of April, 2007, but effective as of the 1st day of
January, 2007 by and between the Company and Austin. All capitalized, undefined
terms used herein shall have the respective meanings given to such terms in the
Agreement.
Recitals
WHEREAS, the Agreement was entered on or about May 3, 2005; and
WHEREAS, the Agreement was first amended effective January 1, 2006 by an
instrument entitled "FIRST AMENDMENT TO EMPLOYMENT AGREEMENT;" and
WHEREAS, the Agreement was amended a second time effective September 1, 2006 by
an instrument entitled "SECOND AMENDMENT TO EMPLOYMENT AGREEMENT;" (for purposes
of the remainder of this Third Amendment, the term "Agreement" shall mean the
Agreement as heretofore amended by said First and Second Amendments); and
WHEREAS, the Company and Austin desire to amend further the Agreement upon the
terms, provisions and conditions set forth hereinafter;
Agreement
NOW, THEREFORE, in consideration of the mutual covenants and agreements of the
Company and Austin to amend the Agreement, the Company and Austin agree as
follows:
1. Amendment to the Agreement. The Agreement is hereby amended so that the
annual salary rate provided for thereunder is increased from $160,000 to
$200,000.
2. Miscellaneous. Except as otherwise expressly provided herein, the Agreement
is not amended, modified or affected by this Third Amendment. Except as
expressly set forth herein, all of the terms, conditions, covenants,
representations, warranties and all other provisions of the Agreement are herein
ratified and confirmed and shall remain in full force and effect. On and after
the date on which this Third Amendment becomes effective, the terms,
"Agreement," "hereof," "herein," "hereunder" and terms of like import, when used
herein or in the Agreement shall, except where the context otherwise requires,
refer to the Agreement, as amended by this Third Amendment. This Third Amendment
may be executed into one or more counterparts, and it shall not be necessary
that the signatures of all parties hereto be contained on any one counterpart
hereof; each counterpart shall be deemed an original, but all of which together
shall constitute one and the same instrument.
[SIGNATURES TO FOLLOW]
IN WITNESS WHEREOF, this Third Amendment to the Agreement is adopted as of the
4th day of April, 2007, but effective as of the 1st day of January, 2007.
"COMPANY" "AUSTIN"
WESTSIDE ENERGY CORPORATION /s/ Xxxx X. Xxxxxx
By:/s/ Xxxxxxx X. Manner Xxxx X. Xxxxxx
Name:Xxxxxxx X. Manner
Title:Chief Executive Officer
