Exhibit 10.30
AMENDMENT NO. 4 TO EMPLOYMENT AGREEMENT
This Amendment dated September 29, 2005 hereby amends the Employment
Agreement dated August 3, 2004, by and between SpeechSwitch, Inc., f/k/a iVoice
Technology 3, Inc., a New Jersey corporation (hereinafter referred to as the
"Company"), having an office at 000 Xxxxxxx 00, Xxxxxxx, Xxx Xxxxxx 00000 and
Xxxxxx Xxxxxxx, having his office at 000 Xx. 00, Xxxxxxx, XX 00000 (hereinafter
referred to as the "Executive").
W I T N E S S E T H :
WHEREAS, the Company and the Executive mutually desire to amend the
Employment Agreement; and
NOW, THEREFORE, in consideration of the premises, the parties agree as
follows:
1. Subparagraphs 5(a)(ii), 5(b)(i) and 5(d)(v) are hereby deleted in their
entirety.
2. The following language appearing as the second to last sentence of
Subparagraph 5(b)(iii) shall be deleted: "For those Options not surrendered
and canceled pursuant to this subparagraph, the Company shall guaranty the
Executive's loan for such amount as needed by the Executive to exercise those
outstanding Options that may be exercised as they become exercisable by the
Executive."
3. All references within the Employment Agreement to Subparagraph 5(b)(ii)
shall hereinafter refer to Subparagraph 5(b)(i). All references within the
Employment Agreement to Subparagraph 5(b)(iii) shall hereinafter refer to
Subparagraph 5(b)(ii). All references within the Employment Agreement to
Subparagraph 5(b)(iv) shall hereinafter refer to Subparagraph 5(b)(iii).
4. All other terms of the Employment Agreement shall remain in full force
and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the
date written below.
SpeechSwitch, Inc. Xxxxxx Xxxxxxx
By: /s/ Xxxxx Xxxx By: /s/ Xxxxxx Xxxxxxx
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Title: President, Chief Executive Officer
and Chief Financial Officer
Date:__________________ Date:__________________
