AMENDMENT TO EMPLOYMENT AGREEMENT
AMENDMENT TO EMPLOYMENT
AGREEMENT
Between
Universal Infotainment Systems Corporation (“Employer”), and Xx. Xxxxx Xxxxxxx
(“Employee”).
THIS
AGREEMENT made as of this 18th day of
December, 2008 (the “Agreement”), by and between Universal Infotainment Systems
Corporation, a Nevada corporation (“Employer,” or “The Company”), and Xx. Xxxxx
Xxxxxxx (“Employee”) is an amendment to the Employment Agreement dated the
2nd
day of May, 2008.
The
following is mutually agreed upon by the Employer and the Employee on this
18th
day of December, 2008:
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1.
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Deferment
of Effective Date of Employment
Agreement
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The Employer and the
Employee mutually agree to defer the effective date of cash compensation,
but not stock compensation which shall be paid the date the Employment Agreement
was signed, under the Employment Agreement dated the 2nd day of
May, 2008. Cash compensation will be deferred until such time at which The
Company is a publically traded entity and has secured a financial threshold of
no less than $4,000,000 in available financial capital.
IN
WITNESS WHEREOF, the parties have executed this Agreement as of this 18th day of
December, 2008.
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Employer
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By:
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/s/ Xxxxxxx X. Xxxxxxxxxxx |
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Xxxxxxx
X. Xxxxxxxxxxx
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Chairman
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Employee
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| /s/ Xxxxx Xxxxxxx | |
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Xx.
Xxxxx Xxxxxxx
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Chief
Executive
Officer
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Page
1 of 1
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Amendment
to Employment Agreement
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Xxxxx
Xxxxxxx
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