Ceelox, Inc.(or its successor)Letter Agreement • May 17th, 2012 • Ceelox Inc. • Services-prepackaged software • Kansas
This letter agreement (“Agreement”) is intended to be an addendum to the current “Employment Agreement” between the parties dated April 15, 2008 and will confirm and set forth the terms of the engagement that will take effect upon either (i) the sale of at least 75% of the stock of Ceelox, Inc. (or its successor) (“Company”) and Nicaragua Rising, Inc. to another company or (ii) the consummation by the Company of an S-1 secondary or other senior financing offering (each a “Trigger Event”).. Until terminated, the Employment Agreement shall be controlling.
