First Amendment to Employment Agreement by and between the Company and Daniel Ryweck, dated October 12, 2022

Exhibit 10.3

FIRST AMENDMENT

TO

EMPLOYMENT AGREEMENT

This First Amendment to Employment Agreement is made and entered into as of October 12, 2022 (the “Effective Date”), by and between Daniel Ryweck (the “Employee”) and Silo Pharma, Inc., a Delaware corporation (the “Company”), the Corporation and the Employee are collectively referred to herein as the “Parties.”

WITNESSETH

WHEREAS, the Corporation and Employee are Parties to that certain Employment Agreement dated as of September 28, 2022, (the “Employment Agreement”);

WHEREAS, the Parties desire to amend the Employment Agreement and raise the Employee’s salary as set forth herein

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

“Base Salary. During the Employment Term, the Employer shall pay to Employee an initial base salary at the annual rate of Sixty Thousand ($60,000) Dollars as compensation for Employee’s performance of Employee’s duties hereunder, payable in equal monthly installments (the “Base Salary”).”