Amendment to Employment Agreement between MOJO Organics, Inc. and Peter Spinner
This letter amends the employment agreement between MOJO Organics, Inc. and Peter Spinner. It increases the number of company shares Peter Spinner will receive if the company generates $3,000,000 in revenue during any twelve-month period within the initial term of his employment, adding 345,000 more shares to the original agreement. All other terms of the original agreement remain unchanged. Both parties have signed to confirm their acceptance of this amendment.
MOJO ORGANICS, INC.
101 Hudson Street, 21st Floor
Jersey City, New Jersey
December 15, 2015
Peter Spinner
101 Hudson Street, 21st Floor
Jersey City, New Jersey
| Re: | Amended and Restated Employment Agreement (the "Agreement") dated June 15, 2015 by and between MOJO Organics, Inc. (the “Company”) and Peter Spinner (“Employee”) |
Dear Mr. Simpson:
Reference is hereby made to the Agreement. By executing this letter, the undersigned parties hereby agree that Section 3(b) of the Agreement shall be amended and restated whereby the number of shares of common stock to be delivered upon the Company generating revenue of $3,000,000 during any twelve (12) month period during the Initial Term shall be increased by 345,000 shares. All terms not defined herein shall have the definition as set forth in the Agreement.
We kindly request that you execute this letter below indicating that you agree with the above amendment.
| Sincerely, | ||
| MOJO Organics, Inc. | ||
| By: | /s/ Glenn Simpson | |
| Name: | Glenn Simpson | |
| Title: | CEO | |
| AGREED AND ACKNOWLEDGED: | ||
| /s/ Peter Spinner | ||
| Peter Spinner |
