AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit
10.12
AMENDMENT
TO EMPLOYMENT AGREEMENT
This
Amendment to the Employment Agreement (“Amendment”), dated
January 15, 2009 and effective as of October 1, 2008, is by and between
Synergx Systems Inc., a Delaware corporation having its principal office at 000
Xxxxxxxxx Xxxxx, Xxxxxxx, Xxx Xxxx 00000 (the “Company”), and Xxxx
Xxxxxx, an individual with a mailing address of X.X. Xxx 0000, Xxxx Xxxxxxx, Xxx
Xxxx 00000 (the “Executive”).
WHEREAS, the parties entered
into an Employment Agreement on June 10, 2008 (the “Employment
Agreement”); and
WHEREAS, the Company desires
to increase the Executive’s salary, effective from October 1, 2008, with
the understanding that all other provisions of the Employment Agreement shall
remain unchanged;
NOW, THEREFORE, in
consideration of the terms and conditions hereinafter set forth, the parties
hereto agree as follows:
1. Section
4 of the Employment Agreement shall be amended in its entirety to read as
follows:
Compensation. As
compensation for all services to be rendered by Executive hereunder, the Company
agrees to pay to Executive, effective from October 1, 2008, a salary of $250,000
per Year, subject to adjustment by the Company’s Board of
Directors. Executive’s salary shall be payable in the same manner the
Company pays compensation to its employees. The Company shall
reimburse all of Executive's reasonable business expenses in accordance with the
Company's policies as in effect from time to time.
The terms
and conditions of all other sections of the Employment Agreement shall remain
unchanged and in full force and effect.
IN
WITNESS WHEREOF, the parties have executed this agreement as of January 15,
2009.
| Synergx Systems Inc. | |||
|
|
By:
|
/s/ | |
| Xxxx Xxxxxxxx | |||
| Chief Financial Officer, Treasurer, Secretary, Vice President and Director | |||
|
|
By:
|
/s/ | |
| Xxxx Xxxxxx | |||
| Chief Executive Officer | |||
