Upstream Worldwide, Inc.
Exhibit
10.6
000
X. Xxxxxxx Xxxx.
Xxxxx
0000
Xx.
Xxxxxxxxxx, XX 00000
September
30, 2010
Xx. Xxxx
Xxxxxxxxx
Xx.
Xxxxxx Xxxxxxx
000 X.
Xxxxxxx Xxxxxxxxx
Xxxxx
0000
Xxxx
Xxxxxxxxxx, XX 00000
Re: Amendment of Employment
Agreements / Waiver of Back Compensation
Dear Xxxx
and Xxx:
For $100
and other good and valuable consideration, the sufficiency and the receipt of
which are hereby acknowledged, this Letter Agreement amends your written
Employment Agreements with Upstream Worldwide, Inc. (the “Company”) effective
immediately. Each of you shall remain an employee at-will (i.e., not
for a definite term or period of time) and relinquish any severance rights with
respect to a termination of your employment. In addition, in
consideration of the Company agreeing to pay each of you an annual salary of
$150,000 per year, each of you waives any back compensation due to you as of the
date of this Letter Agreement under the Employment Agreements.
If the
foregoing is acceptable to you, please execute a copy of this Letter Agreement
in the space provided below and return it to me.
Sincerely,
/s/
Xxxxxxx Xxxxxxxxx
Xxxxxxx
Xxxxxxxxx, Chief Accounting Officer
We hereby
agree to the foregoing.
/s/
Xxxx Xxxxxxxxx
|
/s/
Xxxxxx Xxxxxxx
|
Xxxx
Xxxxxxxxx
|
Xxxxxx
Xxxxxxx
|