EXHIBIT 10.1
SECOND AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT
This Second Amendment to Executive Employment Agreement (this
"AMENDMENT") is effective as of June 13, 2007, and amends that certain Executive
Employment Agreement dated February 17, 2006 and amended January 24, 2007 (the
"AGREEMENT"), between Patron Systems, Inc. (the "COMPANY") and Xxxxxx Waverley
("EXECUTIVE"). Capitalized terms used herein without definition shall have the
meanings ascribed to such terms in the Agreement.
WHEREAS, pursuant to Section 4.1 of the Agreement the Company is
obligated to pay Executive a base salary at an annual rate of $220,000 during
the term of the Agreement; and
WHEREAS, the parties desire to enter into this Amendment to provide for
a reduced annual base salary for Executive.
NOW THEREFORE, the parties hereby agree that the first sentence of
Section 4.1 of the Agreement shall be amended and restated in its entirety to
read as follows:
"The Company shall pay to Executive a base salary at an annual
rate of $100,000 during the term of this Agreement ("BASE
SALARY"), commencing with the payroll period from June 1, 2007
through June 15, 2007."
Except as expressly modified herein, all terms and conditions of the
Agreement are hereby ratified, confirmed and approved and shall remain in full
force and effect. In the event of any conflict or inconsistency between this
Amendment and the Agreement, this Amendment shall govern.
[SIGNATURE PAGE FOLLOWS]
IN WITNESS WHEREOF, the parties have executed this Amendment as of the
date first above written.
Company: Executive:
PATRON SYSTEMS, INC.
By: /s/ Xxxxxx X. Xxxxxxx By: /s/ Xxxxxx Waverley
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Xxxxxx X. Xxxxxxx, Xxxxxx Waverley
Chief Financial Officer
