MTM TECHNOLOGIES, INC.
AMENDMENT TO
EMPLOYMENT AGREEMENT
This AMENDMENT TO EMPLOYMENT AGREEMENT (this "Amendment") is made this 1st
day of October, 2004 by and between MTM Technologies, Inc., a New York
corporation (the "Company"), and Xxxxxx X. Xxxxxx (the "Executive").
WHEREAS, the parties hereto have previously entered into an employment
agreement (the "Agreement") to employ the Executive, dated May 21, 2004; and
WHEREAS, the parties hereto wish to enter into this Amendment to change the
duties and status of the employment of the Executive as set forth in the
Agreement, to provide that title of the Executive will be President of the
Company and to set forth certain terms and conditions of such employment.
NOW, THEREFORE, in consideration of the mutual covenants and
representations contained herein, and for other good and valuable consideration
the receipt and adequacy of which is hereby acknowledged, the parties hereto
agree as follows:
Section 2 of the Agreement "Duties and Status" shall be replaced in its
entirety with the following:
"The Company hereby engages the Executive as the President of the Company
on the terms and conditions set forth in this Agreement. During the Employment
Period, the Executive shall report directly to the Chief Executive Officer of
the Company. The Executive's primary duties shall be determined from time to
time by the Chief Executive Officer of the Company and shall initially be
responsibility for : (i) overseeing national practice group strategic
architecture; (ii) providing marketing consultation and support the development
of a national IT solution practice model, (iii) coordinating the development of
a national practice financial reporting model; and (iv) advising on the
development of a national practice strategy and on the analysis of acquisition
candidates. The Executive shall exercise such authority, perform such executive
duties and functions and discharge such executive responsibilities as are
reasonably associated with the foregoing responsibilities. During the Employment
Period, the Executive shall devote substantially all of his business time and
his full skill and efforts to the business of the Company."
Except as amended by this Amendment, the Agreement remains in full force and
effect.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of
October 1, 2004.
MTM TECHNOLOGIES, INC.
/s/ Xxxxxx X. Xxxxxx /s/ Xxxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx Xxxxxxx X. Xxxxxx
Chief Executive Officer
