EMPLOYMENT AGREEMENTEmployment Agreement • March 9th, 2011 • Forex International Trading Corp. • Services-prepackaged software
EMPLOYMENT AGREEMENT dated as of the 7th day of March, 2011, effective January 18, 2011 (the “Effective Date”) by and among FOREX INTERNATIONAL TRADING CORP., a Nevada corporation with its principal office 3753 Howard Hughes Parkway, Suite 200, Las Vegas, NV 89169
FOREX INTERNATIONAL TRADING CORP.Letter of Appointment • March 9th, 2011 • Forex International Trading Corp. • Services-prepackaged software
Reference is hereby made to that certain Letter of Appointment between the Company and Stewart Reich. (“Reich”) dated July 29, 2010 (the “Agreement”) relating to the appointment of Reich to the Board of Directors of the Company. As set forth on section 2(a)(i) of the Agreement, the Company was required to issue to Reich on an annual basis at the commencement of each term shares of common stock of the Company equal to $6,000 divided by the Company’s market price discounted by 25%. The parties, by executing below, hereby agree that section 2(a)(i) of the Agreement is hereby amended and restated as follows:
FOREX INTERNATIONAL TRADING CORP.Letter of Appointment • March 9th, 2011 • Forex International Trading Corp. • Services-prepackaged software
Reference is hereby made to that certain Letter of Appointment between the Company and William Glass. (“Glass”) dated August 6, 2010 (the “Agreement”) relating to the appointment of Glass to the Board of Directors of the Company. As set forth on section 2(a)(i) of the Agreement, the Company was required to issue to Glass on an annual basis at the commencement of each term shares of common stock of the Company equal to $6,000 divided by the Company’s market price discounted by 25%. The parties, by executing below, hereby agree that section 2(a)(i) of the Agreement is hereby amended and restated as follows:
