EMPLOYMENT AGREEMENT EXTENSION

EXHIBIT 10.3

EMPLOYMENT AGREEMENT EXTENSION

THIS EMPLOYMENT AGREEMENT EXTENSION (“Extension”) is made and entered into effective as of September 4, 2010 by and between IA Global, Inc., a Delaware corporation (the “Company”) and Xxxxx Xxxxxxxx (“Executive”).

WHEREAS, The Company entered into an employment agreement with Executive effective as of September 4, 2009 which agreement will expire on September 4, 2010 unless extended (“Employment Agreement”); and

WHEREAS, The Company desires to extend the Employment Agreement through December 4, 2010.

NOW, THEREFORE,  In consideration of the mutual promises, covenants and agreements herein contained, intending to be legally bound, the parties agree that the Employment Agreement be and hereby is amended, effective September 4, 2010, so that:

A. Paragraph 2 “Term” reads as follows:

Term.  This Extension is for a three month period commencing on September 4, 2010 and terminating on December 4, 2010, or upon the date of termination of employment pursuant to Section 8 of the Employment Agreement; provided, however, that the Term may be extended as mutually agreed to by the parties.

B. Except as specifically amended herein, the existing Employment Agreement remains in full force and effect.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date set forth below.

IA GLOBAL, INC.	EXECUTIVE
/s/ Xxxx XxXxxxxx	/s/ Xxxxx Xxxxxxxx
By: Xxxx XxXxxxxx	Xxxxx Xxxxxxxx
Its: Chair, Compensation Committee
Date: September 1, 2010	Date: September 1, 0000

[XXXXX XXXXXXXX EMPLOYMENT AGREEMENT EXTENSION]