AMENDMENT TO IVAN BRAIKERS MEMBERSHIP TO THE BOARD OF DIRECTORS OF AUGME TECHNOLOGIES, INC.
Exhibit 10.19
AMENDMENT TO
IVAN BRAIKERS MEMBERSHIP TO
THE BOARD OF DIRECTORS
OF AUGME TECHNOLOGIES, INC.
The Agreement dated August 25, 2011 between Ivan Braiker and Augme Technologies, Inc. (Augme or the Company) is hereby amended:
The language enclosed below shall be added to Mr. Braikers Agreement specially, under section 6 Equity:
· you will receive one-percent (1%) Transaction Fee for your participation in the realization of the monetization of the Companys intellectual property either through: a) a settlement agreement; b) license agreement (except for licenses entered into in the ordinary course of the Companys business); or c) asset sale during the period of directorship and extending six months thereafter.
IN WITTNESS WHEREOF, the parties have executed this Amendment to Ivan Braikers Membership to the Board of Directors of Augme Technologies, Inc. as of November 28, 2011.
ACCEPTED BY: | ACCEPTED BY: | |
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Name: Paul Arena | Name: Ivan Braiker | |
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Title: Chairman | Title: Director | |