Amendment to Employment Agreement Between Sunshine Silver Mines and Philip Pyle
This amendment updates the employment agreement between Sunshine Silver Mines and Philip Pyle, Vice President of Exploration. Effective retroactively from August 1, 2011, Philip Pyle's base salary is increased from $200,000 to $250,000 per year. All other terms of his original employment agreement remain unchanged.
Exhibit 10.20
-CONFIDENTIAL-
Memo | ![]() | |
To: Phil Pyle | ||
From: Steve Orr | ||
Date: September 6, 2011 | ||
RE: Base Salary | ||
Cc: Roger Johnson, Jeff Reeser |
Following Sunshine Silver Mines review of resource industry average salaries for comparable positions, I am amending your base salary from $200,000 per annum to $250,000 per annum. All other terms and conditions of your employment agreement remain unaffected. This change will be retroactive to August 1, 2011.
/s/ Stephen Orr | /s/ Philip Pyle | |||
Stephen Orr | Philip Pyle | |||
Chairman & CEO | Vice President Exploration |