AMENDMENT AGREEMENT
Exhibit 10.2
AMENDMENT AGREEMENT
AMENDMENT AGREEMENT dated this 28th day of March, 2012 between T3 Motion, Inc. (the Company) and Ki Nam (Executive).
WHEREAS, the Company and Executive are parties to an employment agreement (the Agreement); and
WHEREAS, the Company has entered into an employment agreement with Rod Keller (the Keller Agreement) pursuant to which Mr. Keller will assume the role of Chief Executive Officer of the Company;
WHEREAS, the Company and Executive wish to amend the Agreement in furtherance of the change in management structure contemplated by the Keller Agreement.
NOW, THEREFORE, for and in consideration of the premises and the mutual covenants hereinafter set forth, the parties hereto do hereby agree as follows. Capitalized terms not defined herein shall have the meanings set forth in the Agreement.
1. Effective Date. The effective date of this Amendment Agreement (the Effective Date) is April 2, 2012.
2. Change in Title. On the Effective Date, Executive shall relinquish the role of Chief Executive Officer of the Company and assume the role of Chief Technology Officer (CTO) and all references in the Agreement to Executives position and duties shall be deemed to be those of CTO.
3. Miscellaneous. Except as expressly amended by this Amendment Agreement, the Agreement remains in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment Agreement to be duly executed as of the day and year first above written.
T3 MOTION, INC. | ||||
By: | /s/ Bruce Nelson | |||
Name: | Bruce Nelson | |||
Title: | Chairman of the Audit Committee | |||
EXECUTIVE | ||||
/s/ Ki Nam | ||||
Name: | Ki Nam |