ADDENDUM
TO EMPLOYMENT AGREEMENT DATED


October
18, 2018


BY
AND BETWEEN


NEW
WORLD TECHNOLOGIES, INC.


(the
“Company”)


and


HANK
TUCKER


(the
“Employee”)


 


This
Addendum (“Addendum”), made and entered into this 4th day of March, 2019 (the “Effective Date”), shall
modify and, to the extent inconsistent with, amend that Employment Agreement between NEW WORLD TECHNOLOGIES, INC. (the “Company”)
and HANK TUCKER (the “Employee”) (the “Agreement”). Except as expressly set forth in the Addendum, all
capitalized terms shall have the meanings assigned to them in the Preprinted Employment Agreement. The Preprinted Employment Agreement,
as modified and amended by this Addendum and all riders and exhibits attached hereto, shall be referred to as the “Agreement”.


 


The
Company and Employee agree to the following changes and/or additions to the Agreement:


 


Section
6(a) Base Salary shall be replaced, in its entirety, to the following language:


 


		(a)	Base
                                         Salary. For all services rendered by Executive during the Employment Period, including
                                         compensation that Executive would otherwise had been eligible to receive as the Chairman
                                         of the Board, the Executive shall be eligible, as of the Effective Date, for a base salary
                                         as provided for in Exhibit A attached hereto. This amount shall be payable in equal installments,
                                         in arrears, if applicable, and according to the Company’s customary payroll practices,
                                         less all amounts required to be withheld by federal, state, or local law, as well as
                                         all applicable deductions authorized by Executive or required by law. Executive has the
                                         option to carry major medical insurance and be compensated as an independent contractor
                                         to the Company until the 1st of July, 2019. At such time, Executive’s base salary
                                         shall commence and be paid according the Exhibit A. The compensation committee of the
                                         Board (the “Compensation Committee”) shall meet at least annually to review
                                         Executive’s Base Salary and other compensation. The Base Salary, at the discretion
                                         of the Compensation Committee, may be increased but may not be decreased during the Employment
                                         Period.



 


Section
6(b) Deferred Payment shall be replaced, in its entirety, to the following language:


 


		(b)	Deferred
                                         Payment. Notwithstanding Section 6(a) above, in the event that the Monthly Cash Flow
                                         of the Company for any month during the first Twelve (12) months following July 1, 2019
                                         is insufficient to pay the Base Salary installment(s) for that month, then the Company
                                         shall have the right to suspend its obligation to pay such installment(s) during that
                                         month (a “Deferred Payment”); provided that the Company’s right to
                                         suspend payment of a Deferred Payment may be exercised by the Company no more than two
                                         (2) times during the Twelve (12) months following July 1, 2019. Deferred Payment(s) shall
                                         be due and payable on or before the first anniversary of July 1, 2020. The term “Monthly
                                         Cash Flow” means the cash flow of the Company for a calendar month, calculated
                                         pursuant to the Company’s normal accounting practices. To exercise its right to
                                         suspend payment of a Deferred Payment, the Company, prior to the due date of the applicable
                                         installment, must deliver to Executive a written notice that states that the Company
                                         (i) is exercising its right to suspend payment of a Deferred Payment under this Section
                                         6(b), and (ii) acknowledges that the Deferred Payment shall be due and payable on or
                                         before the first anniversary of July 1, 2020.



 




    	 	 	 



    	 



    

 


Exhibit
A Base Salary Schedule shall be replaced, in its entirety, to the following language:


 


EXHIBIT
A


 


BASE
SALARY SCHEDULE


 


Year
“1” - October 18th 2018 to May 1st 2019


 


Zero
($0.00) per month


 


		-	May
                                         1st 2019 to January 1st 2020



 


Seventeen
Thousand Three Hundred ($17,300) per month


 


Annually
- One Hundred Eighty Thousand ($138,400)


 


Year
“2” - Eighteen Thousand ($18,000) per month


 


Annually-
Two Hundred Sixteen Thousand ($216,000)


 


Year
“3” - Twenty Thousand ($20,000) per month


 


Annually
- Two Hundred Forty Thousand ($240,000)


 


Year
“4” - Twenty Two Thousand ($22,000) per month


 


Annually-
Two Hundred Sixty Four Thousand ($264,000)


 


Year
“5” - Twenty Five Thousand ($25,000) per month


 


Annually-
Three Hundred Thousand ($300,000)


 


All
other provisions and conditions of the original Employment Agreement remain the same except as adjusted herein.


 


In
witness thereof, the parties have executed this employment agreement addendum on the day and year first above written.


 


	 	By:		By:	
	 	 	Officer
    / Director	 	Hank
    Tucker