EXHIBIT 10.20
THINK NEW IDEAS, INC.
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May 24, ▇▇▇▇
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Re: Employment Agreement of June 30, 1996 (the "Employment Agreement")
Dear ▇▇▇▇▇:
This is to confirm to you that, pursuant to Section 2 of that certain
Employment Agreement, dated June 30, 1996, between you and THINK New Ideas, Inc.
(the "Company"), the Company has agreed to extend your employment with the
Company for a period of one year (the "Extension Period") commencing upon
expiration of the current term of your employment at the close of business on
June 30, 1999 at an increased annual salary of $350,000 (representing the
aggregate of $29,167 in Monthly Compensation, as defined in Section 4(a) of the
Employment Agreement). The Company has further agreed that you shall continue to
be a member of executive management, with such title and any other form of
compensation as may be determined by management. The Employment Agreement will
remain in effect for the Extension Period unmodified except as specifically set
forth herein.
Please know that your service and contribution to the Company is sincerely
appreciated.
Very truly yours,
/s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇ ▇▇▇▇▇ on behalf
of the Compensation Committee
cc: ▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇
▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇▇▇, Esq.
▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, Esq.