Contract
Exhibit 10.5
| ID Global Solutions Corporation |
| 000 Xxxx Xxxx Xxxxxxxx Xxxxx |
| Xxxxxxxx, Xxxxxxx 00000 |
| September 25, 0000 |
Xxxxxxx Xxxxxxx
| Re: | Employment Agreement (the “Agreement” ) dated February 27, 2014 between ID Global Solutions Corporation (the “Company” ) and Xxxxxxx Xxxxxxx (“Executive” ) |
Dear Xx. Xxxxxxx:
Reference is hereby made to the Agreement. It is hereby agreed to by the parties that Section 2 of the Agreement shall be amended and restated to state the following:
“h. Additional Compensation. The Company shall issue to Executive a common stock option (the “Option”) to purchase 20,000,000 shares of common stock of the Company exercisable at $0.45 per share for a period of five years. The Option may be exercised for cash or on a cashless baseless.”
We kindly request that you execute this letter below indicating that you agree with the above Amendment and statements.
| Sincerely, | ||
| ID Global Solutions Corporation | ||
| By:/s/ Xxxxxx X. Xxxxx | ||
| Name: Xxxxxx X. Xxxxx | ||
| Title: CEO | ||
| AGREED AND ACKNOWLEDGED: | ||
| /s/ Xxxxxxx Xxxxxxx | ||
| Xxxxxxx Xxxxxxx |
