Amendment to Employment Agreement between ID Global Solutions Corporation and Maksim Umarov
ID Global Solutions Corporation and Maksim Umarov have agreed to amend their July 6, 2015 Employment Agreement. Maksim Umarov will serve as Chief Technology Officer, and as long as he remains employed, he will receive stock options to acquire 3,000,000 shares of the company's common stock. These options will vest in equal parts over eight quarters, starting September 30, 2015. Both parties have agreed to these changes as outlined in this amendment.
Exhibit 10.4
| ID Global Solutions Corporation |
| 160 East Lake Brantley Drive |
| Longwood, Florida 32779 |
| September 25, 2015 |
Maksim Umarov
4305 Diamond Terrace
Weston, Florida 33331
| Re: | Employment Agreement (the “Agreement”) dated July 6, 2015 between ID Global Solutions Corporation (the “Company”) and Maksim Umarov (“Employee”) |
Dear Mr. Umarov:
Reference is hereby made to the Agreement. It is hereby agreed to by the parties that the Agreement shall be amended as follows:
| 1. | Section 1, Paragraph 1 of the Agreement shall be amended as follows: |
The Company hereby agrees to initially employ the Executive and the Executive hereby accepts such employment in his capacity as Chief Technology Officer of the Company according the terms and conditions of this Agreement.
| 2. | Section 2 (h) shall be added to the Agreement as follows |
"h. Additional Compensation. As long as the Executive remains employed by the Company, the Company shall issue to Executive a stock option to acquire 3,000,000 shares of common stock which shall vest over eight quarters in tranches of 375,000 shares of common stock per quarter commencing on September 30, 2015.
We kindly request that you execute this letter below indicating that you agree with the above Amendment and statements.
Sincerely,
ID Global Solutions Corporation
By:________________________
Name: Thomas Szoke
Title: CEO
AGREED AND ACKNOWLEDGED:
________________________________
Maksim Umarov
