Consulting Agreement Extension between Jack Africk and North Atlantic Trading Company, Inc.
This agreement extends Jack Africk's consulting services with North Atlantic Trading Company, Inc. through December 31, 2004. Africk will continue to receive an annual compensation of $100,000, the services of Claudia M. Bayarri on the National Tobacco payroll at a salary of $26,800 plus benefits, and a company-provided cell phone. All other terms of the prior consulting agreement remain unchanged. The agreement is confirmed by both parties' signatures.
Exhibit 10.53
THOMAS F. HELMS, JR.
Chairman of the Board & Chief Executive Officer
VIA FEDERAL EXPRESS
October 1, 2003
Mr. Jack Africk
Evolution Partners LLC
1200 N. Federal Highway, Suite 211
Boca Raton, FL 33431
Dear Jack:
We are pleased that you are willing to continue as a consultant to North Atlantic Trading Company, Inc. As I have often said, we greatly value your expertise and wisdom.
As discussed, the prior terms of your Consulting Agreement shall remain unchanged except that the term shall be extended to December 31, 2004. Those terms will include your annual compensation of $100,000.00, Claudia M. Bayarri on the National Tobacco payroll at a salary of $26,800 plus applicable benefits, and a cellular phone for your use.
If this letter accurately reflects our understanding, kindly so indicate by signing one of the enclosed duplicate originals and returning it to my attention.
| Sincerely, | ||||||
| /s/ Thomas F. Helms, Jr. | ||||||
| /s/ Jack Africk | 10/3/03 | |||||
| Jack Africk | Date | |||||
257 PARK AVENUE SOUTH, NEW YORK, NEW YORK 10010 Ÿ (212) 253-8185 FAX ###-###-####
