AMENDMENT NO. 3 TO EMPLOYMENT AGREEMENT
Exhibit 10.3
AMENDMENT NO. 3
TO
This Amendment No. 3 to the Employment Agreement (“Amendment”), dated September 26, 2016, is by and between Drone Aviation Holding Corp., a Nevada corporation with an address 00000 Xxxxxxx Xxxxxxx #000, Xxxxxxxxxxxx, XX 00000 (the “Company”), and Xxxxxxx Xxxx (the “Executive”).
WHEREAS, the parties entered into an Employment Agreement on May 18, 2015 (the “Employment Agreement”); and
WHEREAS, the parties entered into an Amendment No. 1 on October 2, 2015 (Xxxx Amendment No. 1); and
WHEREAS, the parties entered into an Amendment No. 2 on April 27, 2016 (Xxxx Amendment No. 2); and
WHEREAS, the parties wish to further amend the Employment Agreement as set forth below, with the understanding that all other provisions of the Employment Agreement shall remain unchanged;
NOW, THEREFORE, in consideration of the terms and conditions hereinafter set forth, the parties hereto agree as follows:
1. | Section 3 of the Employment Agreement- Term of Employment- is hereby extended from May 18, 2018 to December 31, 2018. |
2. | The terms and conditions of all other sections of the Employment Agreement shall remain unchanged and in full force and effect. |
IN WITNESS WHEREOF, the parties have executed this agreement as of the date first stated above.
DRONE AVIATION HOLDING CORP. | ||
By: | /s/ Xxxxxxx X. Xxxxxxxxx | |
Name: | Xxxxxxx X. Xxxxxxxxx | |
Title: | Chief Financial Officer | |
By: | /s/ Xxxxxxx Xxxx | |
Name: | Xxxxxxx Xxxx |