ACKNOWLEDGEMENT AND AMENDMENT REGARDING EMPLOYMENT AGREEMENT
Exhibit 10.2
ACKNOWLEDGEMENT AND AMENDMENT
REGARDING EMPLOYMENT AGREEMENT
REGARDING EMPLOYMENT AGREEMENT
Reference is made that certain Employment Agreement (“Employment Agreement”) between
ARTISTdirect, Inc., a Delaware corporation (the “Company”) and Xxxxxx Xxxxxxxxxx (“Employee”),
effective July 28, 2005. Capitalized terms used herein and not defined shall have the meanings
given to them in the Employment Agreement.
For valuable consideration, the receipt of which is hereby acknowledged, the parties hereto
acknowledge and agree that the date “March 1, 2006” set forth in the second sentence of Section 2
of the Employment Agreement shall be deleted and replaced with “July 1, 2006.”
Except as expressly set forth in this Acknowledgement and Amendment, the terms and provisions
of the Employment Agreement shall continue unmodified and in full force and effect. This
Acknowledgement and Amendment shall be governed and construed under the laws of the State of
California, and shall be binding on and shall inure to the benefit of the parties and their
respective successors and permitted assigns.
IN WITNESS WHEREOF, the parties hereto have duly executed this Acknowledgement and Amendment,
effective as of the 3rd day of February, 2006.
“EMPLOYEE” | “COMPANY” | |||
Xxxxxx Xxxxxxxxxx | ARTISTdirect, Inc. | |||
/s/ Xxxxxx Xxxxxxxxxx
|
By: | /s/ Xxxxxxxxx X. Field | ||
Xxxxxx Xxxxxxxxxx
|
Xxxxxxxxx X. Field | |||
Its: | Chairman |