AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
EXHIBIT 10.2
AMENDMENT NO. 1
TO
This AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT (this "Amendment") is made as of November 19, 2015 by and between Multimedia Platforms, Inc., a Nevada corporation (the "Company") and Xxxxxx Xxxxx (the "Executive").
W I T N E S S E T H.
WHEREAS, the parties hereto entered into that certain Employment Agreement, dated as of June 26, 2015 (the "Employment Agreement") (capitalized terms used and not otherwise defined herein shall have the meanings given to such terms in the Employment Agreement); and
WHEREAS, the parties hereto desire to amend the Employment Agreement as set forth herein.
NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1. Section 2.03(d)(iii) of the Employment Agreement is hereby amended by deleting the entire section thereof and replacing it with the following:
(iii) "NON-COMPETE TERM" means, in the case of termination for any reason, the period from the Effective Date to the date ending 2 years following the date of termination.
2. Except as specifically set forth herein, the Employment Agreement and all of its terms and conditions remain in full force and effect, and the Employment Agreement is hereby ratified and confirmed in all respects, except that on or after the date of this Amendment all references in the Employment Agreement to "this Employment Agreement," "hereto," "hereof," "hereunder," or words of like import shall mean the Employment Agreement as amended by this Amendment.
3. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original and such counterpart together shall constitute one and the same instrument.
4. This Amendment, including the validity, interpretation, construction and performance of this Amendment, shall be governed by and construed in accordance with the laws of the State of Nevada applicable to agreements made and to be performed in such State, without regard to such State's conflicts of law principles.
12. This Amendment shall be binding upon and inure to the benefit of and be enforceable by the respective successors and assigns of the parties hereto. The Employment Agreement, as amended by this Amendment, embodies the entire agreement and understanding between the parties hereto and supersedes all prior agreements and understandings relating to the subject matter hereof.
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SIGNATURE PAGE TO AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first written above.
COMPANY: | |||
Multimedia Platforms, Inc. | |||
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| By: | /s/ C. Xxxxxxxx Xxxxxxxx |
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| C. Xxxxxxxx Xxxxxxxx |
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| Chairman of the Board |
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EXECUTIVE: | |||
By: | /s/ Xxxxxx Xxxxx | ||
Xxxxxx Xxxxx |
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