First Amendment to Employment Agreement between AutoInfo, Inc. and Harry M. Wachtel

Summary

This amendment modifies the original employment agreement between AutoInfo, Inc. and Harry M. Wachtel. Effective May 11, 2009, Wachtel's base salary is reduced from $250,000 to $225,000 for the remainder of 2009. All other terms of the original agreement remain unchanged.

EX-10.A 2 d77575ex10_a.htm EXHIBIT 10.A d77575ex10_a.htm

Exhibit 10.A

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

Reference is hereby made to the Employment Agreement (the “Original Agreement”) dated as of January 1, 2007 by and between AutoInfo, Inc., a Delaware corporation and Harry M. Wachtel, an individual residing at 17222 Bermuda Village Dr., Boca Raton, FL 33487.

For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned parties agree as follows:

1) Section 4 of the Original Agreement is hereby amended to reduce the Base Compensation provided for therein from $250,000 to $225,000 for the period from May 11, 2009 through December 31, 2009.

2) Capitalized terms used but not defined herein shall have the meaning ascribed to it in the Original Agreement.

IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this First Amendment to Employment Agreement as of May 11, 2009.

AutoInfo, Inc.

By: /s/ William Wunderlich /s/ Harry Wachtel

William Wunderlich Harry Wachtel

Chief Financial Officer