Letter Agreement Extending Consulting Agreement Between Autobytel Inc. and Robert S. Grimes (March 31, 2004)
Autobytel Inc. and Robert S. Grimes have agreed to extend their existing consulting agreement, originally dated April 1, 2000, through September 30, 2004. After this date, the agreement will continue on a month-to-month basis until either party provides written notice to terminate, effective at the end of the month in which notice is given. All other terms of the original agreement remain unchanged.
Exhibit 10.1
| March 31, 2004 | Jeffrey Schwartz President and Chief Executive Officer Direct Line: 949 ###-###-#### FAX: 949 ###-###-#### ***@*** |
Robert S. Grimes
R.S. Grimes & Co., Inc.
595 Madison Ave., 39th Floor
New York, NY 10022
Dear Mr. Grimes:
Reference is hereby made to that certain Consulting Agreement entered between Autobytel Inc. (formerly autobytel.com inc.) and Robert Grimes as of April 1, 2000 and amended March 19, 2002 and March 10, 2003.
The parties hereby agree to extend the term of the agreement through September 30, 2004 and then on a month to month until either party notifies the other of its election to terminate the agreement which shall be effective at the end of the month that the notice is sent. All other terms and conditions remain unchanged.
Please evidence your agreement with the foregoing by signing below and returning a copy to the undersigned.
| Very truly yours, | ||
| Autobytel Inc. | ||
| By: | /s/ Jeffrey Schwartz | |
| Jeffrey Schwartz | ||
| AGREED AND ACCEPTED
This 31st day of March, 2004 |
| /s/ Robert S. Grimes |
| Robert S. Grimes |
