Amendment No. 1 Employment Agreement, dated August 7, 2021, by and between Orbsat Corp and Sarwar Uddin

Contract Categories: Human Resources - Employment Agreements
EX-10.3 4 ex10-3.htm


Exhibit 10.3




This Amendment to the Employment Agreement, (this “Amendment”) is made and entered into as of the 7th day of August 2021 (the “Amendment Effective Date”), by and between ORBSAT CORP, a Nevada corporation (the “Corporation”), and Sarwar Uddin (the “Employee”).




WHEREAS, the Corporation and Employee entered into an employment agreement dated June 22, 2021 (“Employment Agreement”); and


WHEREAS, the Corporation and Employee desire to enter into this Amendment No. 1 to modify certain terms of the Employment Agreement as more fully set forth herein.


NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, the parties agree as follows:


(a) Amendment. The first sentence of Section 4(b) of the Employment Agreement is hereby amended to read as follows:


“In addition to the Base Salary set forth in Section 4(a), the Employee shall be entitled to receive (i) an allowance of $600 per month for the payment of medical plan coverage for Employee and his family, and (iii) an annual cash bonus if the Corporation meets or exceeds criteria adopted by the Compensation Committee of the Board of Directors (the “Compensation Committee”) for earning bonuses which criteria shall be adopted by the Compensation Committee annually.”


(b) Entire Agreement. This Amendment shall be effective as of the Amendment Effective Date. Except as specifically modified by this Amendment, the Employment Agreement remains in full force and effect. The Employment Agreement, as amended by this Amendment, contains the entire agreement between the Corporation and Employee with respect to Employee’s employment, and supersedes any and all previous agreements, written or oral, between the parties relating to the relevant matter.


IN WITNESS WHEREOF, the parties hereto have executed, this Amendment as of the date first written above.


  By: /s/ Charles M. Fernandez
  Name: Charles M. Fernandez
  Title: Chief Executive Officer
  /s/Sarwar Uddin
  Sarwar Uddin