Exhibit 10.17
Amendment to Employment Agreement
Amendment to Employment Agreement dated January 11, 2005 (the
"Amendment") hereby amends the Employment Agreement dated October 1, 2004 by
and between Deep Field Technologies, Inc., f/k/a iVoice Technology 2, Inc.
(the "Company") and Xxxx Xxxxxx, an individual ("Executive").
W I T N E S S E T H :
WHEREAS, the Company and the Executive entered into an Employment
Agreement dated October 1, 2004 (the "Employment Agreement"), and
WHEREAS, the Company and the Executive wish to mutually amend this
Employment Agreement,
NOW, THEREFORE, in consideration of the mutual covenants and agreements
contained herein, and other good and valuable consideration, the receipt
sufficiency of which is hereby acknowledged, the parties agree as follows:
The terms and conditions as set forth below shall amend the Employment
Agreement:
1. Section 4(g) of the Employment Agreement shall be deleted in its
entirety and replaced with the following:
At such time that the Company's registration
statement to effectuate the sale and/or distribution
of the Company's stock on Form X-0, XX-0, or any
other such form of registration statement is declared
effective by the Securities and Exchange Commission,
the Company shall pay, and Executive agrees to
accept, cash compensation in the amount of fifty
thousand dollars ($50,000.00) (the "Bonus").
Notwithstanding the above, the Bonus shall be payable
to the Executive upon the Board of Directors' sole
determination that the Company has sufficient
financial resources to pay the Bonus, or in the
alternative, at the Company's option, may issue Class
B Common Stock of the Company equal to the value of
the Bonus upon the date of issue.
2. All other terms of the Agreement shall remain in full force and effect.
19
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the
date written below.
Deep Field Technologies, Inc. Xxxx Xxxxxx
By:______________________ By:_________________
Xxxxxx Xxxxxxx
Chairman of the Board
Date:_______________ Date:_______________