AMENDMENT TO EMPLOYMENT AGREEMENT
AMENDMENT TO EMPLOYMENT
AGREEMENT
Between
Universal Infotainment Systems Corporation (“Employer”), and Xx. Xxxxxxxxx
Xxxxxxxxx (“Employee”).
THIS
AGREEMENT made as of this 18th day of
December, 2008 (the “Agreement”), by and between Universal Infotainment Systems
Corporation, a Nevada corporation (“Employer,” or “The Company”), and Xx.
Xxxxxxxxx Xxxxxxxxx (“Employee”) is an amendment to the Employment Agreement
dated the 2nd day of
May, 2008.
The
following is mutually agreed upon by the Employer and the Employee on this
18th
day of December, 2008:
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1.
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Deferment
of Effective Date of Employment
Agreement
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The Employer and the
Employee mutually agree to defer the effective date of cash compensation,
but not stock compensation which shall be paid the date the Employment Agreement
was signed, under the Employment Agreement dated the 2nd day of
May, 2008. Cash compensation will be deferred until such time at which The
Company is a publically traded entity and has secured a financial threshold of
no less than $4,000,000 in available financial capital.
IN
WITNESS WHEREOF, the parties have executed this Agreement as of this 18th day of
December, 2008.
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Employer
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By:
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/s/ Xxxxxxx X. Xxxxxxxxxxx |
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Xxxxxxx
X. Xxxxxxxxxxx
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Chairman
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Employee
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| /s/ Xxxxxxxxx Xxxxxxxxx | |
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Xx.
Xxxxxxxxx Xxxxxxxxx
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Executive
Vice President
EU
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Page
1 of 1
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Amendment
to Employment Agreement
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Xxxxxxxxx
Xxxxxxxxx
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