As of March 31, 2009 Mr. George Morgenstern
EXHIBIT 10.2
As of
March 31, 2009
Xx.
Xxxxxx Xxxxxxxxxxx
0 Xxxxxxx
Xxxxx
Xxxxxx,
Xxx Xxxx 00000
|
Re:
|
Amendment
of Consulting Agreement
|
Dear
Xxxxxx:
This
letter will serve to confirm that at the meeting of the Board of Directors of
Acorn Energy, Inc. (the “Corporation”) on March 25, 2009 the Board authorized
that your Consulting Agreement with the Corporation dated as of March 9, 2006
(the “Agreement”) be, and hereby is, amended to provide for (i) payment of a
nonaccountable expense allowance one-half by each of the Corporation
and DSIT Solutions, Ltd. (“DSIT”) of an aggregate of $75,000 per annum and (ii)
an extension of the term of the Agreement until March 31, 2011. By
its execution of this amendment below DSIT agrees to its obligation to pay
one-half of such expense allowance, and acknowledges that such payment will
inure to its benefit.
Very
Truly Yours,
By:
/s/ Xxxx X. Xxxxx
Xxxx X.
Xxxxx
President
and CEO
AGREED
AND ACKNOWLEDGED:
DSIT
SOLUTIONS, LTD.
By:
/s/ Xxxxx Xxxx
Name: Xxxxx
Xxxx
Title: CEO
ACCEPTED
AND AGREED:
/s/
Xxxxxx Xxxxxxxxxxx
XXXXXX
XXXXXXXXXXX
0 X.
Xxxxxxxx Xxxx, X.X. Xxx 0 , Xxxxxxxxxx, XX 00000 xxx.xxxxxxxxxxx.xxx Tel:
(000) 000-0000 Fax: (000) 000-0000
