AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT DATED DECEMBER 13, 2006
Exhibit 10.2
AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
DATED DECEMBER 13, 2006
This agreement shall serve as a second amendment to the Employment Agreement dated December 13, 2006 between Snap Interactive, Inc. (formerly known as Etwine Holdings, Inc.) (“the Company”), a Delaware Corporation at 000 Xxxxx Xxxxxxxx, Xxxxx 00000, Xxxxxxx, XX 00000, and Xxxxxxxx Xxxxxx, (“Employee”) c/o Snap Interactive, Inc., 000 Xxxxx Xxxxxxxx, Xxxxx 00000, Xxxxxxx, XX 00000.
IN CONSIDERATION of the mutual covenants contained in this Amendment to the Employment Agreement, and for other good and valuable consideration the receipt and adequacy of which are hereby acknowledged, the Company and the Employee agree as follows:
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1.
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Term: The term of the Agreement shall be extended though December 1, 2008.
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2.
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Compensation: Employee shall receive a salary of $160,000 per year commencing January 1, 2008. In addition, the Employee shall be eligible for additional compensation in the form of raises and bonuses as to be determined by the sole discretion of the Board of Directors of the Company.
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IN WITNESS WHEREOF, this Amendment has been executed as of the date and year first above written.
| The “Company” | ||||
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Attest:
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| /s/Xxxxxxxx Xxxxxx | ||||
| Secretary | Name: Xxxxxxxx Xxxxxx | |||
| Title: President and Chief Executive Officer | ||||
| The “Employee” | ||||
| /s/Xxxxxxxx Xxxxxx | ||||
| Witness | Xxxxxxxx Xxxxxx |
