EXHIBIT 10.7
AMENDMENT NO. 1 TO THE EMPLOYMENT AGREEMENT
This Amendment No. 1 to the Employment Agreement (this "Amendment"),
dated January 1, 1997 (the "Effective Date"), amends and supplements that
certain Employment Agreement, dated May 1, 1996 (the "Employment Agreement"),
by and between DataLink Systems Corporation, a Nevada corporation, located at
0000 Xxxxxxxx Xxxxxx, Xxxxx 000, Xxx Xxxx, Xxxxxxxxxx, 00000 (the "Company"),
and Xxxxxxx X. XxXxxx, residing at 00000 Xxxx Xxxxxx, Xxx Xxxxx, Xxxxxxxxxx,
00000 ("Executive").
NOW, THEREFORE, in consideration of the premises and the mutual
covenants set forth herein, and in the Employment Agreement, the Company and
Executive hereby amend the Employment Agreement as follows:
1. Section 2.1 of the Employment Agreement is amended and restated to
read in its entirety as follows:
2.1 Salary. Executive's base salary shall be at an annual rate of not
less than One Hundred Forty Thousand Dollars ($140,000), subject to
discretionary increases in accordance with the Company's normal review
procedures and policies ("Base Salary"). The Base Salary shall be paid in
substantially equal installments on the 15th day and last day of each month.
2. Line 4 of Section 2.2 is hereby amended by replacing "fifty
percent (50%)" with "eighty-six percent (86%)".
As amended and supplemented by this Amendment, the Employment Agreement
shall continue in full force and effect.
IN WITNESS WHEREOF, each of the parties hereby executes this Amendment as of
the date first set forth above.
COMPANY: DATALINK SYSTEMS CORPORATION
By:/s/ Xxxxxxxx Xxxxxx
Xxxxxxxx Xxxxxx, Chairman
EXECUTIVE: Xxxxxxx X. XxXxxx
00000 Xxxx Xxxxxx
Xxx Xxxxx, Xxxxxxxxxx 00000
