Amendment to Employment Agreement between GPM Investments, LLC and Maury Bricks (February 25, 2025)

Summary

GPM Investments, LLC and Maury Bricks have agreed to amend their existing Employment Agreement. Effective April 1, 2025, the fixed Quarterly Bonus will be eliminated and replaced by a $40,000 increase in Maury Bricks' annual base salary. A final quarterly bonus of $10,000 will be paid for the first quarter of 2025, provided Maury Bricks is still employed as of March 31, 2025. All other terms of the original Employment Agreement remain unchanged.

EX-10.36 4 arko-ex10_36.htm EX-10.36 EX-10.36

 

Exhibit 10.36

 

 

 

February 25, 2025

 

Amendment to Employment Agreement

 

Dear Maury:

 

GPM Investments, LLC (“GPM”) and you (“Executive”) are parties to an Employment Agreement dated January 3, 2020 (the “Employment Agreement”). Section 4.6 of the Employment Agreement provides for the payment of a fixed Quarterly Bonus. GPM and Executive desire to convert the Quarterly Bonus into Base Salary. Therefore,

 

1.
Effective April 1, 2025, Section 4.6 of the Employment Agreement and all references in the Employment Agreement to the Quarterly Bonus shall be deleted in their entirety.

 

2.
A final quarterly bonus of $10,000 with respect to the first fiscal quarter of 2025 shall be paid to Executive in Executive’s April 4, 2025 paycheck so long as Executive is employed by the Company as of March 31, 2025.

 

3.
Effective April 1, 2025, Executive’s annual Base Salary, as in effect immediately prior to such date, shall be increased by $40,000.

 

Except as set forth herein, all of the terms, covenants and conditions of the Employment Agreement shall remain in full force and effect. Please sign below to confirm your acceptance and understanding of the terms herein.

 

GPM INVESTMENTS, LLC

 

 

By: /s/ Arie Kotler By: /s/ Robb Giammatteo

Arie Kotler Robb Giammatteo

President and CEO CFO

 

 

Accepted

 

/s/ Maury Bricks

Maury Bricks