FIRST AMENDMENT TO SEPTEMBER 15, 2021 EMPLOYMENT AGREEMENT
FIRST AMENDMENT TO SEPTEMBER 15, 2021 EMPLOYMENT AGREEMENT
("Agreement")
THIS FIRST AMENDMENT, made as of February 1, 2023 ("Amendment Effective Date") is by and between BM Technologies, Inc., a Delaware corporation, with its main offices located at 000 Xxxx xx Xxxxxxx Xxxx, Xxxxx 000 Xxxxxx, XX 00000 ("Company") and Xxxxx Xxxxxxx ("Executive").
WHEREAS, the parties desire to document the expansion of Executive's role and compensation while retaining all of the other provisions of the Agreement as of the Amendment Effective Date,
WHEREAS, unless expressly amended herein, all terms shall remain as fully set forth in the Agreement and all definitions in the Agreement shall have the meanings ascribed to the defined terms in the Agreement,
NOW THEREFORE, for good and valuable consideration, the sufficiency of which shall not be denied and intending to be legally bound, the parties agree as follows:
1.Paragraph 1 of the Agreement shall be amended by substituting "President" for each reference to "Chief Technology Officer."
2.Paragraph 3(a) of the Agreement shall be amended by substituting "Three Hundred Thousand ($300,000)" for "Two Hundred Seventy Five Thousand ("$275,000").
AGREED:
BM TECHNOLOGIES, INC. | |||||
By: /s/ Xxxxxxx Xxxxx | By: /s/ Xxxxx Xxxxxxx | ||||
Title: Xxxxxxx Xxxxx | Name: Xxxxx Xxxxxxx | ||||
Date: February 1, 2023 | Date: February 1, 2023 |