AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT
Exhibit
10.1
AMENDMENT TO EXECUTIVE
EMPLOYMENT AGREEMENT
This Amendment to Executive Employment
Agreement is executed this 6th day of
November, 2008 by and between Gen2Media Corp. (“the Company”) and ______________
(“Employee”).
1. This
Agreement amends that certain Executive Employment Agreement between the parties
dated May 1, 2008 (“the Agreement”).
2. The
Agreement is hereby amended to provide that the base salary of the Employee is
changed to $125,000 per year for the life of the Agreement. This increase shall
be effective as of November 1, 2008, and shall be paid beginning with the
November 15 paycheck.
3. The
Agreement is further amended to provide that the Incentive Bonus provided in
paragraph 3(b) thereof is eliminated, and there shall no longer be a cash bonus
provision in the Agreement.
4. In
consideration of this Amendment, Employee hereby forgives any and all past
salaries or other compensation due him from prior services rendered to the
Company.
5. Other
than as specifically amended hereby, all other terms and provisions of the
Agreement shall remain in full force and effect.
Wherefore, this Agreement is entered
into this 6th day of
November, 2008.
Gen2Media Corp. | Employee | ||||
By: |
/s/
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By: |
/s/
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Xxx
Xxxx, CEO
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