Amendment to Ivan Braiker’s Board Membership Agreement with Augme Technologies, Inc.
This amendment updates the agreement between Ivan Braiker and Augme Technologies, Inc. to grant Mr. Braiker a 1% transaction fee for his role in monetizing the company’s intellectual property. The fee applies if monetization occurs through a settlement, certain license agreements, or an asset sale, during his time as a director and for six months after. The amendment is effective as of November 28, 2011, and is signed by both parties.
Exhibit 10.19
AMENDMENT TO
IVAN BRAIKER’S 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. Braiker’s 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 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.
IN WITTNESS WHEREOF, the parties have executed this Amendment to Ivan Braiker’s 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 | |
