AMENDMENT TO EXECUTIVE COMPENSATION AGREEMENT
Exhibit 10.29
AMENDMENT TO
This AMENDMENT TO EXECUTIVE COMPENSATION AGREEMENT is dated February 27, 2012, by and between Dais Analytic Corporation, a New York corporation (the “Company”), and Xxxxxxx X. Xxxxxxxx (“Executive”).
WHEREAS, the Company and Executive are parties to an Executive Compensation Agreement dated January 11, 2012 (the “Executive Compensation Agreement”)
WHEREAS, the parties desire to amend the Executive Compensation Agreement as set forth herein.
NOW, THEREFORE, in consideration of the premises and mutual promises and agreement hereinafter set forth, it is agreed as follows:
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1.
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Section 2 “Termination” is hereby deleted in its entirety and in place thereof the following is inserted.
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“2. Termination. This Agreement shall immediately terminate and shall have no force or effect, if the Equity Financing is not completed on or prior to April 30, 2012.”
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2.
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Except as otherwise set forth herein, the Executive Compensation Agreement remains unamended and in full force and effect.
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IN WITNESS WHEREOF, the parties have executed this Amendment to the Executive Compensation Agreement as of the date first written above.
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EXECUTIVE:
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DAIS ANALYTIC CORPORATION | |
| /s/ Xxxxxxx X. Xxxxxxxx | By: | /s/ Xxxxxx Xxxxxxxx |
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Xxxxxxx X. Xxxxxxxx
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Xxxxxx Xxxxxxxx
Authorized Signatory
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