AMENDMENT AGREEMENT
Exhibit 10.2
AMENDMENT AGREEMENT
AMENDMENT AGREEMENT dated this 28th day of March, 2012 between T3 Motion, Inc. (the “Company”) and Ki Nam (“Executive”).
WHEREAS, the Company and Executive are parties to an employment agreement (the “Agreement”); and
WHEREAS, the Company has entered into an employment agreement with Xxx Xxxxxx (the “Xxxxxx Agreement”) pursuant to which Xx. Xxxxxx will assume the role of Chief Executive Officer of the Company;
1. Effective Date. The effective date of this Amendment Agreement (the “Effective Date”) is April 2, 2012.
2. Change in Title. On the Effective Date, Executive shall relinquish the role of Chief Executive Officer of the Company and assume the role of Chief Technology Officer (“CTO”) and all references in the Agreement to Executive’s position and duties shall be deemed to be those of CTO.
3. Miscellaneous. Except as expressly amended by this Amendment Agreement, the Agreement remains in full force and effect.
T3 MOTION, INC. | ||||
By: | /s/ Xxxxx Xxxxxx | |||
Name: | Xxxxx Xxxxxx | |||
Title: | Chairman of the Audit Committee | |||
EXECUTIVE | ||||
/s/ Ki Nam | ||||
Name: | Ki Nam |