FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit 10.A
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Reference is hereby made to the Employment Agreement (the “Original Agreement”) dated as of January 1, 2007 by and between AutoInfo, Inc., a Delaware corporation and Xxxxx X. Xxxxxxx, an individual residing at 00000 Xxxxxxx Xxxxxxx Xx., Xxxx Xxxxx, XX 00000.
For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned parties agree as follows:
1) Section 4 of the Original Agreement is hereby amended to reduce the Base Compensation provided for therein from $250,000 to $225,000 for the period from May 11, 2009 through December 31, 2009.
2) Capitalized terms used but not defined herein shall have the meaning ascribed to it in the Original Agreement.
IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this First Amendment to Employment Agreement as of May 11, 2009.
AutoInfo, Inc.
By: /s/ Xxxxxxx Xxxxxxxxxx /s/
Xxxxx Xxxxxxx
Xxxxxxx Xxxxxxxxxx
Xxxxx Xxxxxxx
Chief Financial Officer