Salary Increase Letter between Apache and Norman Chang dated February 1, 2008
This letter from Apache, signed by CEO Andrew Yang, notifies Norman Chang of a salary increase effective February 1, 2008. Norman Chang's annual base salary is raised by $5,000, or 3.85%, bringing his new salary to $135,000. The letter acknowledges Norman's contributions to the company and confirms the new compensation terms.
Exhibit 10.18
February 1, 2008
Norman Chang
Dear Norman,
In recognition of your continued and valued contributions to Apache, I am pleased to inform you that effective February 1, 2008, your annualized base salary has been increased by an amount of 5,000.00 USD or 3.85%. Your new base salary is 135,000.00 USD.
All Apache employees are part of the momentum being created in 2008, and I would like to thank you for your continuing contributions to the company, and our team.
| /s/ Andrew Yang |
| Andrew Yang |
| CEO |
| /s/ Norman Chang |
| Norman Chang |
