FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

EX-10.18 8 a2199021zex-10_18.htm EXHIBIT 10.18

EXHIBIT 10.18

 

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

 

This First Amendment to Employment Agreement (“Amendment”) is made and entered into this 31st day of October, 2006 between CAM Mining LLC (“Employer”) and Chad Hunt (“Employee”).

 

RECITALS:

 

A.            Employer and Employee entered into an Employment Agreement dated September 1, 2006 (the “Agreement”).

 

B.            The parties now desire to amend the Agreement only as it pertains to Employee’s salary.

 

Now, Therefore, in consideration of the foregoing, Employer and Employee hereby agree as follows:

 

1.             Effective November 1, 2006, Employee’s salary shall be increased to $130,000 per year.

 

2.             Except as modified herein, the Agreement shall remain in full force and effect in accordance with its terms.

 

IN WITNESS WHEREOF, the parties have executed this First Amendment to Employment Agreement as of the date first above written.

 

 

CAM MINING LLC

 

 

 

 

 

/s/ Nicholas R. Glancy

 

By: Nicholas R. Glancy, President

 

 

 

“Employer”

 

 

 

 

 

/s/ Chad Hunt

 

Chad Hunt

 

 

 

“Employee”