Letter agreement between the Registrant and Thomas J. Paup dated January 14, 2014

EX-10.1 2 ex10-1.htm EX-10.1 ex10-1.htm

Exhibit 10.1

	Arotech Corporation 1229 Oak Valley Drive Ann Arbor, Michigan 48108 Tel: ###-###-#### Fax: ###-###-#### http://www.arotech.com Nasdaq Global Market: ARTX Writer’s direct dial: +972-2 ###-###-#### Writer’s direct fax: +972-2 ###-###-#### Writer’s e-mail: *@*
Robert S. Ehrlich Chairman and Chief Executive Officer

January 14, 2014

Mr. Thomas J. Paup

c/o Arotech Corporation

1229 Oak Valley Road

Ann Arbor, Michigan 48108

Re: Third Amended and Restated Employment Agreement

Dear Tom:

In connection with your Third Amended and Restated Employment Agreement with Arotech Corporation effective as of May 1, 2013 (the “Agreement”), we wish to amend the Agreement in certain respects. All capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Agreement.

Notwithstanding the terms of Section 2(a) of the Agreement, your annual base salary will be adjusted to $225,000 retroactive to January 1, 2014.

In all other respects, the terms of the Agreement will govern the relationship between us.

If the foregoing is acceptable to you, kindly sign this letter in the space provided for your signature below, whereupon this letter will become a binding amendment to the Agreement.

Sincerely yours,

AROTECH CORPORATION

By: /s/ Robert S. Ehrlich

Robert S. Ehrlich

Chairman and Chief Executive Officer

ACCEPTED AND AGREED:

/s/ Thomas J. Paup

Thomas J. Paup