Second Amendment to Director Compensation Agreement between Augme Technologies, Inc. and Todd E. Wilson
Contract Categories:
Human Resources
›
Compensation Agreements
Summary
This agreement, effective March 22, 2013, is a second amendment to the original agreement between Augme Technologies, Inc. and Todd E. Wilson regarding his compensation as a Director. The amendment removes a provision granting Mr. Wilson a 1% transaction fee for his role in monetizing the company's intellectual property through settlements, licenses, or asset sales. All other terms of the original agreement, as previously amended, remain unchanged.
EX-10.9 4 ex10-9.htm A SECOND AMENDMENT OFFER LETTER OF TODD WILSON DATED JULY 5, 2013 ex10-9.htm
Exhibit 10.9
July 5, 2013
VIA ELECTRONIC MAIL
Todd E. Wilson
Re: Second Amendment to Agreement dated June 8, 2010
Dear Todd:
The purpose of this agreement is to amend that certain agreement (the "Original Agreement") between to you and Augme Technologies, Inc. (the "Company") dated June 8, 2010, which outlined the compensation you are to receive in consideration for your service to the Company as Director.
On November 30, 2010, you and the Company entered into an Amendment to the Original Agreement (the “First Amendment”). Therefore you agree to enter into this Second Amendment to further amend the Original Agreement, as amended, effective March 22, 2013, the date of Board approval.
The following paragraph was included in your Original Agreement, which states:
you will receive one-percent (1%) Transaction Fee for your participation in the realization of the monetization of the Company’s intellectual property either through: a) a settlement agreement; b) license agreement (except for licenses entered into in the ordinary course of the Company’s business); or c) asset sale during the period of directorship and extending six months thereafter.
Shall be deleted in its entirety and nothing shall appear in its place.
The Company affirms that all of the other terms and conditions of the Original Agreement, as amended, shall continue in full force and effect.
Thank you for your attention to this matter.
Very truly yours,
AUGME TECHNOLOGIES, INC.
By: /s/ Ivan Braiker
Ivan Braiker, Chief Executive Officer
July 9, 2013
I have read the agreement above. By my signature below I confirm that I agree with the Second Amendment to the Original Agreement, as amended, and to the modification of my compensation as a Director effected thereby.
/s/ Todd E. Wilson
Todd E. Wilson
