Amendment
Amendment
WHEREAS,
MRU
Holdings, Inc., successor-in-interest to Iempower, Inc. (the “Company”) and
Xxxxxx Xxxx (“Executive” and, with the Company, the “Parties”) are parties to an
Employment Agreement dated as of April 1, 2004, as amended by that Waiver and
Amendment dated September 29, 2008, as further amended by that Amendment dated
September 29, 2008, as further amended by that Amendment dated October 17,
2008,
as further amended by that Waiver and Amendment dated October 31, 2008 (the
“Agreement”).
NOW,
THEREFORE, for good and valuable consideration, receipt of which is hereby
acknowledged, the Parties agree as follows:
1. The
Parties hereby agree to amend Section 1 of the Agreement by striking the phrase
“on or before November 5, 2008” and replacing it with the phrase “on or before
November 21, 2008.”
2. Except
as
modified herein, the remainder of the terms and provisions of the Agreement
will
remain in full force and effect.
UNDERSTOOD,
AGREED, AND
ACCEPTED:
XXXXXX XXXX | MRU HOLDINGS, INC. |
/s/ Xxxxxx Xxxx | By: /s/ Xxxxx Xxxx |
Name: Xxxxx Xxxx | |
Title: General Counsel | |
Date: November 5, 2008 | Date: November 5, 2008 |