AMENDMENT #1 TO EMPLOYMENT AGREEMENT BY AND BETWEEN MICHAEL D. HEIL AND IGO, INC.
Exhibit 10.4
AMENDMENT #1
TO
EMPLOYMENT AGREEMENT
BY AND BETWEEN
MICHAEL D. HEIL
AND
IGO, INC.
This Amendment #1 to Employment Agreement (“Amendment #1”) is made effective as of April 10, 2012, by and between Michael D. Heil (“Employee”) and iGo, Inc., a Delaware corporation (“Employer”).
RECITALS
| A. | On May 1, 2007, Employee and Employer entered into that certain Employment Agreement (the “Agreement”); and |
| B. | Employee and Employer wish to amend the Agreement in accordance with this Amendment #1. |
NOW THEREFORE, in consideration of the foregoing recitals and the terms and conditions of this Amendment #1, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Employee and Employer, intending to be legally bound, hereby agree as follows:
| 1. | Amendment to Agreement. Notwithstanding anything in the Agreement to the contrary, effective as of April 10, 2012, Employee’s base annual salary shall be equal to $333,000 per year. |
| 2. | Ratification. All terms and conditions of the Agreement are reaffirmed, except where such terms and conditions would conflict with the provisions of this Amendment #1. In such instances, the provisions of this Amendment #1 supersede and replace the conflicting terms and conditions of the Agreement. Except as expressly modified by this Amendment #1, the Agreement shall remain in full force and effect in accordance with its provisions. |
IN WITNESS WHEREOF, Representative and iGo have executed this Amendment #1 to be effective as of the date first set forth above.
| iGo, Inc. | ||||||||||
| By: | /s/ Brian M. Roberts | By: | /s/ Michael D. Heil | |||||||
| Name: | Brian M. Roberts | Michael D. Heil | ||||||||
| Title: | Vice President | |||||||||
