Amendment No. 2 to EMPLOYMENT AGREEMENT
Exhibit
10.5
Amendment
No. 2
to
THIS
AMENDMENT NO. 2 is made and entered into effective as of the 15th day of August,
2007 (“Amendment”) to the EMPLOYMENT AGREEMENT dated April 1, 2004, as amended
by AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT dated November 9, 2005 (“Agreement”)
by and between Xxxxxx Xxxx and Smart Online, Inc.
WHEREAS,
the parties to the Agreement desire to amend Section 2. (a) to the
agreement.
NOW
THEREFORE, in consideration of the mutual promises and covenants set forth
in
this Amendment, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto agree as follows:
1. Section
2. (a) of the Agreement shall be deleted in its entirety and replaced with
a new
Section 2. (a) as follows:
“(a) During
the Employment Period, the Employee shall serve as a full-time employee of
the
Company as Chief Strategy Officer. With such duties and responsibilities as
are
customarily assigned to such position and such other duties and responsibilities
not inconsistent therewith as may from time to time assigned to him by the
President, Chief Executive Officer or Board of Directors.”
2. All
other
terms and conditions of the Agreement shall remain in full force and
effect.
IN
WITNESS WHEREOF, the parties hereto have duly executed and delivered this
Amendment No. 2, effective as of the date set forth above.
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SMART
ONLINE, INC.
By:
/s/ Xxxxxx Xxxxxxx Xxxxx
Name:
Title:
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XXXXXX
X. XXXX
/s/
Xxxxxx X. Xxxx
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