EXECUTIVE EMPLOYMENT AGREEMENT AMENDMENT
Exhibit 6.27
EXECUTIVE EMPLOYMENT AGREEMENT AMENDMENT
THIS EXECUTIVE EMPLOYMENT AGREEMENT AMENDMENT (this "Amendment”)
is made and entered this 14th day of April, 2017 (the
“Effective
Date”) between Level Brands, Inc., a North Carolina
corporation whose principal place of business is 0000 Xxxxxx Xxxx,
Xxxxxxxxx, XX 00000 (the "Corporation")
and Xxxxx Xxxxxxxxxx, an individual whose address is 00000 Xxxxxxxx
Xxxxxxx Xxxx, Xxxxxxxxx, XX (the "Executive").
WHEREAS, the Corporation and Executive
entered into an Employment Agreement effective January 1, 2017 (the
"Agreement").
WHEREAS, the Corporation desires to
amend the Agreement as follows:
Section
5 is replaced to read:
5. Compensation
and Benefits.
a. Salary.
The Executive shall be paid a base salary (“Base
Salary”), payable in accordance with the Corporation's
policies from time to time for senior executives, at an annual rate
One Hundred Twenty Thousand dollars ($120,000). Any accrued and
unpaid salary shall be paid on the next payroll.
General. All other provisions in the Agreement shall remain
unchanged and be in full force and effect. This Agreement may be
executed in any number of counterparts, each of which when so
executed shall be deemed to be an original and, all of which taken
together shall constitute one and the same Agreement. In the event
that any signature is delivered electronically, such signature
shall create a valid binding obligation of the party executing (or
on whose behalf such signature is executed) the same with the same
force and effect as if such facsimile signature were the original
thereof.
IN WITNESS WHEREOF, the parties hereto
have executed this Amendment.
THE COMPANY:
By:
/s/ Xxxx
Xxxxxxx
CFO
THE EXECUTIVE
/s/ Xxxxx Xxxxxxxxxx
_____________________________
