Re: Amendment to Employment Agreement Dear Eberhard,
Exhibit 10.5
July 1, 2010
Xx. Xxxxxxxx
Xxxxxxxxxx
Xxxxx 0000, Xxxxxxx Xxxxx Apartments
Xxxxxxx Xxxxx, 00 Xxxxxxxxx
Xxxx Xxxx
Re:
Amendment to Employment Agreement
Dear Eberhard,
This
letter sets forth the mutual agreement between you and Artificial Life, Inc. (the “Company”) concerning
an amendment to your employment agreement with the Company dated as of July 1, 2006, as amended March
28, 2007 and June 1, 2008 (the “Employment Agreement”). This amendment to the Employment Agreement will
be effective as of the date of this letter.
Section 5 of the Employment Agreement is amended to read in its
entirety:
Subject to Paragraph 6 hereof, your employment and appointment hereunder shall be for a fixed term commencing on the date hereof and expiring on December 31, 2014, unless extended or earlier terminated as provided in accordance with the terms hereof (“the Term”). On December 31, 2014, and each anniversary thereof, the Term shall be automatically extended for an additional period of one (1) year, unless you or the Company give written notice of at least ninety (90) days prior to the end of the then current Term indicating that the Term will not be so extended.
Except for the modifications set forth above, the Employment Agreement shall remain in full force and effect in accordance with its terms. Please sign below to acknowledge your agreement to the terms and conditions of this amendment to the Employment Agreement.
Yours sincerely,
/s/
Xxxxxxx Xxxxxxx
Xxxxxxx
Xxxxxxx, Director
/s/ Xx. Xxxx Xxxxxx
Xx. Xxxx Xxxxxx, Director
/s/ Xxxx Xxxxxx
Xxxx Xxxxxx, Director
Confirmed and agreed by
s/ Eberhard Schoneburg
Eberhard Schoneburg