Amendment to Employment Agreement – James F. GordonEmployment Agreement • October 26th, 2007 • Blastgard International Inc • Miscellaneous chemical products
On October 16, 2007, the Board of Directors approved on behalf of BlastGard and you agreed to retain the title of Chairman of the Board of the Company and for you to accept a new executive officer position in BlastGard, namely, Director of Blast Mitigation Receptacles, in lieu of serving as Chief Executive Officer. It was also agreed that your employment contract dated April 1, 2007 will be amended to reflect the foregoing, it being understood that all other provisions of your agreement will remain in full force and effect during the entire term of your agreement and, in this respect, all compensation and other benefits that you are entitled to under your executive employment agreement will not be diminished or changed in any way by your acceptance of your new executive officer position. Accordingly, paragraph 3 of your executive employment agreement, dated April 1, 2007, is hereby amended to read as follows:
