Amendment to Employment Agreement between Red Mountain Resources, Inc. and Hilda Kouvelis (July 27, 2012)
This amendment updates the employment agreement between Red Mountain Resources, Inc. and Hilda Kouvelis. Effective August 1, 2012, Ms. Kouvelis's base salary increases from $170,000 to $200,000 per year. All other terms of the original employment agreement remain unchanged. Both parties have agreed to and signed this amendment.
July 27, 2012
Hilda Kouvelis
1415 East Quail Run Road
Rockwall, TX 75087
Re: Amendment to Employment Agreement
Dear Ms. Kouvelis:
This letter will serve to amend the Employment Agreement ("Employment Agreement"), dated as of February 7, 2012, between you and Red Mountain Resources, Inc.
Section 4 A. of the Employment Agreement establishes the Base Salary which is currently $170,000 per annum. Section 4 A. is hereby amended to increase the Base Salary to $200,000 per annum effective August 1, 2012.
Except as amended herein, all other provisions of the Employment Agreement shall remain in full force and effect.
Please sign this letter in the place below to confirm your agreement.
| Sincerely, | ||
| RED MOUNTAIN RESOURCES, INC. | ||
| By: | /s/ Alan W. Barksdale | |
| Alan W. Barksdale | ||
| Chief Executive Officer | ||
| AGREED TO: | |
| /s/ Hilda Kouvelis | |
| Hilda Kouvelis |
| Red Mountain Resources, Inc. | |
| 2515 McKinney Avenue, Suite 900 Dallas, TX 75201 | |
415 West Wall Street, Suite 1310 Midland, TX 79701 | |
1720 Kaliste Saloom Road, Suite D1 Lafayette, LA 70508 | |
214 ###-###-#### Phone ###-###-#### Fax |
| REDMOUNTAINRESOURCES.COM |
