EX-10 4 agrmntthomson.txt EXECUTIVE CONSULTANT AMENDMENT AGREEMENT This Executive Consultant Amendment Agreement (the "Agreement") is made and entered into effective as of the 1st day of November, 2002 (the "Effective Date"), between WORLDBID CORPORATION, a Nevada corporation, (the "Company") and HOWARD THOMSON (the "Consultant"). WHEREAS: A. The Company and the Consultant entered into an executive consultant agreement dated September 1, 2001 (the "Executive Consultant Agreement") whereby the Consultant has agreed to act as treasurer and chief financial officer of the Company and to provide consultant services to the Company. B. The Company and the Consultant have agreed to reduce the consultant fee payable under the Executive Consultant Agreement from $7,500 US per month to $3,000 US per month effective as of the Effective Date. THIS AGREEMENT WITNESSES THAT: 1. DEFINITIONS 1.1 Capitalized terms used in this Agreement shall have the same meaning as specified in the Executive Consultant Agreement unless the context clearly indicates the contrary. 2. AMENDMENT 2.1 The Consultant Fee payable by the Company to the Consultant pursuant to the Executive Consultant Agreement is hereby amended from $7,500 US per month to $3,000 US per month effective as of the Effective Date. 3. MISCELLANEOUS 3.1 The Executive Consultant Agreement shall continue in full force and effect without amendment, other than expressly amended by this Agreement. IN WITNESS WHEREOF, the parties have duly executed and delivered this Agreement as of the date first written above. WORLDBID CORPORATION by its authorized signatory: /s/ Logan Anderson ------------------------------------ Signature of Authorized Signatory Logan Anderson ------------------------------- Name of Authorized Signatory President ----------------------------------- Position of Authorized Signatory SIGNED, SEALED AND DELIVERED BY HOWARD THOMSON in the presence of: /s/ Logan Anderson ---------------------- Signature of Witness /s/ Howard Thomson ------------------------ -------------------- Address of Witness HOWARD THOMSON