Frankly Media LLC

EXHIBIT 10.21

Frankly Media LLC

00-00 Xxxxxx Xxxxx Xxxxx, Xxxxx 000

Xxxx Xxxxxx Xxxx, XX 00000

Dated as of Xxxxxx 00, 0000

Xxxx Xxxxx

000X 00xx Xxxxxx

Xxxxxxxx, XX 00000

Re: Amendment of Employment Agreement

Dear Omar,

Reference is made to the Employment Agreement between you (“Employee”) and Frankly Media, LLC (“Company”) dated 10/14/2015 (the “Agreement”). In exchange for consideration, the receipt and sufficiency of which are hereby acknowledged, when signed below, the Agreement will be amended as follows:

Salary Adjustment – For the period commencing on August 16, 2016 and ending on December 31, 2016, the salary payable to Employee under the Agreement will be reduced from the annual rate of $225,000.00 to the annual rate of $198,333.00. Commencing on January 1, 2017, Employee’s salary rate will return to the $225,000.00 annual rate. The foregoing reduction in salary will not be factored into the calculation of any bonus for which Employee may be eligible.

Except as amended herein, the Agreement will continue in full force and effect.

If the foregoing is acceptable, please return a signed copy of this Amendment to us at your earliest convenience, and we will return a fully-executed copy to you.

	Sincerely,
	Frankly Media LLC
	By:	/s/ Xxxx Xxxx
	Name:	Xxxx X. Xxxx
	Title:	General Counsel

Accepted and Agreed:

/s/ Xxxx Xxxxx

Xxxx Xxxxx