Amendment to Executive Employment Agreement between BioRestorative Therapies, Inc. and Francisco Silva
BioRestorative Therapies, Inc. and Francisco Silva have agreed to amend Mr. Silva's executive employment agreement, effective January 1, 2018. The amendment increases Mr. Silva's annual salary to $287,500. All other terms of the original employment agreement remain unchanged and in effect.
Exhibit 10.13
BioRestorative Therapies, Inc.
40 Marcus Drive, Suite One
Melville, New York 11747
| January 5, 2018 |
Mr. Francisco Silva
10 Flyers Lane
Tustin, California 92782
Dear Mr. Silva:
Reference is made to the Amended and Restated Executive Employment Agreement, dated as of May 10, 2011, between BioRestorative Therapies, Inc. (formerly known as Stem Cell Assurance, Inc.) and Francisco Silva, as amended (the “Employment Agreement”).
The parties hereby agree that, effective as of January 1, 2018, the “Per Annum Salary” in Schedule A of the Employment Agreement is amended to read as follows:
“Per Annum Salary: $287,500”
Except as amended hereby, the Employment Agreement shall continue in full force and effect in accordance with its terms.
| Very truly yours, | ||
| BioRestorative Therapies, Inc. | ||
| By: | ||
| Mark Weinreb, Chief Executive Officer | ||
| Agreed: | ||
| Francisco Silva | ||
