Amendment to Employment Agreement Between Allied Esports Entertainment, Inc. and Frank Ng Dated April 24, 2020
This amendment to the employment agreement between Allied Esports Entertainment, Inc. and Frank Ng reduces Mr. Ng's annual base salary from $300,000 to $60,000 for a six-month period starting May 1, 2020. Both parties have agreed to this temporary salary adjustment, as confirmed by their signatures.
Exhibit 10.3
ALLIED ESPORTS ENTERTAINMENT, INC.
April 24, 2020
VIA EMAIL
Frank Ng
Frank Ng ***@***
| Re: | Employment Agreement |
Reference is made to that certain Employment Agreement dated effective September 20, 2019 between Allied Esports Entertainment, Inc., a Delaware corporation (the “Company”) and you (the “Employment Agreement”). By executing below, you agree that your current annual base salary of $300,000, will be reduced to an annual base salary of $60,000, effective May 1, 2020, for the following six-month period.
| Sincerely, | |
| /s/ Adam Pliska | |
| Adam Pliska, President |
| ACKNOWLEDGED: | |
| /s/ Frank Ng | |
| Frank Ng |
