FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit 10.2
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
This First Amendment to Employment Agreement (this “Amendment”) is made effective as of June 5, 2023 (the “Amendment Effective Date”), between Butterfly Networks, Inc. (the “Company”), and Xxxxxx XxXxxx (the “Executive”). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Employment Agreement.
WHEREAS, the Company and the Executive are parties to an Employment Agreement dated as of April 21, 2023 (the “Employment Agreement”); and
WHEREAS, the Company and the Executive wish to amend certain provisions of the Employment Agreement.
NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
“(e) Housing Stipend. Following the time the Executive secures housing, the Company will pay the Executive a monthly stipend of $16,666.66 for such housing and other related expenses incurred in connection with the Executive performing services away from his state of residence, until such time as either the lease for such housing or the Executive’s employment with the Company terminates.”
[Signature page follows]
IN WITNESS WHEREOF, the parties have executed this Amendment as of the Amendment Effective Date.
COMPANY
/s/ Xxxxx Xxxxx
By:Xxxxx Xxxxx
Its:Chief Legal Officer
EXECUTIVE
/s/ Xxxxxx XxXxxx
Xxxxxx XxXxxx