AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
EXHIBIT 10.3
AMENDMENT
NO. 1 TO EMPLOYMENT AGREEMENT
This Amendment No. 1 dated as of August
6, 2008 to that certain Employment Agreement (this “Amendment”), between
Xxxx.xxx Inc. (formerly known as Xxxxx Technologies Inc.), a Delaware
corporation (the “Company”) and Xxxxxxx Xxxx, a New York resident (the
“Executive”).
W I T N E S S E T H
WHEREAS, the Company and
Employee are parties to that certain Employment Agreement dated December 20,
2007 (the “Original Agreement”).
WHEREAS, the Executive and the
Company desire to amend the Original Agreement as hereinafter set
forth.
NOW, THEREFORE, in
consideration of the premises and mutual covenants contained herein, the receipt
and sufficiency of which is hereby acknowledged, the parties hereto agree as
follows:
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1.
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Effective
as of the date hereof, the Original Agreement is hereby amended as
follows:
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A.
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The
references to the Company as “Xxxxx Technologies Inc.” in the opening,
Recital, Section 12 and the signature block shall be amended by replacing
“Xxxxx Technologies Inc.” with “Xxxx.xxx
Inc.”
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B.
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The
Recitals, Section 2 and Section 3 shall be amended by replacing the term
“Chief Executive Officer”
with“President”.
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2.
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Except
as otherwise specifically set forth herein, all of the terms and
provisions of the Original Agreement shall remain in full force and
effect.
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3. This Amendment may be executed in two or more counterparts, each
of which shall be deemed to be an original.
[Signature
Page to Follow]
IN WITNESS WHEREOF, the
undersigned have executed this Amendment as of the day first above
written.
XXXX.XXX INC.
/s/ Xxxxxxx Xxxx
By: Xxxxxxx Xxxx
Title: Chief Executive
Officer
EXECUTIVE:
/s/ Xxxxxxx Xxxx
Xxxxxxx Xxxx
