Amendment No. 1 to Services Agreement, by and between the Company, Randall K. Fields, and Fields Management, Inc., dated May 8, 2018

 

This Agreement (“Agreement”) is entered into by and between Park City Group, Inc., a Nevada corporation (the “Company”), Randall K. Fields (“RKF”) and Fields Management, Inc., a Utah Corporation (“Fields”), to be effective as of the 1st day of July 2017.

Now, Therefore, in consideration of the mutual covenants and promises contained in, and the mutual benefits to be derived from this Agreement, and for other good and valuable consideration, the Company, RKF and Fields agree as follows:

This Agreement shall be effective as of July 1, 2013 (the “Effective Date”) and continue pursuant to the terms hereof until the 30th day of June 2022 (the “Initial Term”), unless sooner terminated pursuant to the terms hereof or extended at the sole discretion of the Company’s Board of Directors. The Initial Term and any subsequent terms will automatically renew for additional one year periods unless, six months prior to the expiration of the then current term, either party gives notice to the other that the Agreement will not renew for an additional term. In the event of such written notice being timely provided by the Company, Fields shall not be required to perform any responsibilities or duties to the Company during the final two months of the then-existing term. In such event, the Company will remain obligated to Fields for all compensation and other benefits set forth herein and in any written modifications hereto.

(j) Vacations, Sick Days, etc. Executive shall have four (4) weeks paid vacation and twelve (12) days sick leave during each year he provides services. Vacation days will accrue from year to year if not taken. Upon request of Fields, Company will pay, in cash, any part of the accrued vacation.

The employment of Employee by the Company will continue pursuant to the terms of this Agreement effective as of July 1, 2013 and end on the 30th day of June, 2022 (the “Initial Term”), unless sooner terminated pursuant to the terms hereof or extended at the sole discretion of the Company’s Board of Directors. The Initial Term and any subsequent terms will automatically renew for additional one year periods unless, six months prior to the expiration of the then current term, either party gives notice to the other that the Agreement will not renew for an additional term. In the event of such written notice being timely provided by the Company, Employee shall not be required to perform any responsibilities or duties to the Company during the final two months of the then-existing term. In such event, the Company will remain obligated to Employee for all compensation and other benefits set forth herein and in any written modifications hereto.

(d)           Vacations, Sick days, etc. Employee shall have four (4) weeks paid vacation and twelve (12) days sick leave during each year he is employed. Vacation days will accrue from year to year if not taken. Upon request of Employee, Company will pay, in cash, any part of the accrued vacation.