EXTENSION OF FIXED TERM EMPLOYMENT AGREEMENT
Exhibit 10.48
Corsico, December 6th, 2012
EXTENSION OF FIXED TERM EMPLOYMENT AGREEMENT
This extension of the fixed term Employment Agreement (“the Agreement”) in force between XXXXXX XXXXXXX GLOBAL E&C SRL (“the Company”) and Xx. XXXXXXX XXXX SALA (“the Executive”) since October 1st 2008 is dated December 6th, 2012.
By executing this extension, the Company and the Executive agree that the Agreement expiring on July 31st 2013 is extended to December, 31st 2013, pursuant to Article 10, Paragraph 4, Law Decree n. 368 of 6 September 2001, as modified by Law n. 247 of 24 December 2007.
All other conditions remain unchanged.
It is agreed that on the expiry date above the Agreement will terminate without any further communication.
| XXXXXX XXXXXXX GLOBAL E&C S.R.L. | THE EXECUTIVE | |||||||||
| BY /s/ Franco Baseotto | /s/ Xxxxxxx xxxxx Xxxx | |||||||||
| NAME: Franco Baseotto | NAME: | Xxxxxxx xxxxx Xxxx | ||||||||
A Board of Directors’ Member
