EXHIBIT 10L
AMENDMENT TO EMPLOYMENT AGREEMENT
AMENDMENT as of November 16, 2005 to the AMENDED AND RESTATED EMPLOYMENT
AGREEMENT ("Agreement") amended and restated as of May 7, 2005 by and between
AutoInfo, Inc., a Delaware corporation ("Auto") and Xxxxxxx X. Xxxxxxxxxx
residing at 0000 XX 000xx Xxx, Xxxxxxxx, Xxxxxxx 00000 ("Xxxxxxxxxx").
The following modifications to the Agreement are hereby effective January
1, 2006:
(a) Pursuant to paragraph 3 Term, the Agreement shall continue through
December 31, 2008.
(b) Pursuant to paragraph 4 Compensation - Salary shall be increased to
$175,000 per year.
(c) Pursuant to paragraph 5 Bonus - the minimum Bonus shall be based as
follows: 10% of the Operating Profit up to $1,250,000. 5% of the Operating
Profit in excess of $1,250,000.
IN WITNESS WHEREOF, the parties hereto have caused this AMENDMENT to be
duly executed and delivered as of the day and year first above written.
AUTOINFO, INC.
By: /s/Xxxxx Xxxxxxx
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Xxxxx Xxxxxxx, President
/s/ Xxxxxxx X. Xxxxxxxxxx
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Xxxxxxx X. Xxxxxxxxxx
