Amendment to Employment Agreement Between ID Global Solutions Corporation and Douglas Solomon
ID Global Solutions Corporation and Douglas Solomon have agreed to amend their original employment agreement dated February 27, 2014. The amendment grants Mr. Solomon an option to purchase 20,000,000 shares of the company's common stock at $0.45 per share, exercisable for five years. The option can be exercised with cash or on a cashless basis. Both parties have signed to confirm their agreement to these new terms.
Exhibit 10.5
| ID Global Solutions Corporation |
| 160 East Lake Brantley Drive |
| Longwood, Florida 32779 |
| September 25, 2015 |
Douglas Solomon
| Re: | Employment Agreement (the “Agreement” ) dated February 27, 2014 between ID Global Solutions Corporation (the “Company” ) and Douglas Solomon (“Executive” ) |
Dear Mr. Solomon:
Reference is hereby made to the Agreement. It is hereby agreed to by the parties that Section 2 of the Agreement shall be amended and restated to state the following:
“h. Additional Compensation. The Company shall issue to Executive a common stock option (the “Option”) to purchase 20,000,000 shares of common stock of the Company exercisable at $0.45 per share for a period of five years. The Option may be exercised for cash or on a cashless baseless.”
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:/s/ Thomas R. Szoke | ||
| Name: Thomas R. Szoke | ||
| Title: CEO | ||
| AGREED AND ACKNOWLEDGED: | ||
| /s/ Douglas Solomon | ||
| Douglas Solomon |
