Amendment to Employment Agreement between Universal Infotainment Systems Corporation and Mr. Nour Lawand

Summary

Universal Infotainment Systems Corporation and Mr. Nour Lawand have agreed to amend their original employment agreement. The amendment defers the start date for Mr. Lawand's cash compensation until the company becomes publicly traded and secures at least $4 million in available capital. However, stock compensation will still be paid as originally scheduled. This agreement ensures that Mr. Lawand's cash payments are contingent on the company's financial and public status.

EX-10.14 3 v137377_ex10-14.htm

AMENDMENT TO EMPLOYMENT AGREEMENT

Between Universal Infotainment Systems Corporation (“Employer”), and Mr. Nour Lawand (“Employee”).

THIS AGREEMENT made as of this 18th day of December, 2008 (the “Agreement”), by and between Universal Infotainment Systems Corporation, a Nevada corporation (“Employer,” or “The Company”), and Mr. Nour Lawand (“Employee”) is an amendment to the Employment Agreement dated the 2nd day of May, 2008.

The following is mutually agreed upon by the Employer and the Employee on this 18th day of December, 2008:

Deferment of Effective Date of Employment Agreement

The Employer and the Employee mutually agree to defer the effective date of cash compensation, but not stock compensation which shall be paid the date the Employment Agreement was signed, under the Employment Agreement dated the 2nd day of May, 2008. Cash compensation will be deferred until such time at which The Company is a publically traded entity and has secured a financial threshold of no less than $4,000,000 in available financial capital.

IN WITNESS WHEREOF, the parties have executed this Agreement as of this 18th day of December, 2008.

Employer
Universal Infotainment Systems Corporation


By:	/s/ Emanuel G. Pavlopoulos
Emanuel G. Pavlopoulos
Chairman


Employee

/s/ Nour Lawand
Mr. Nour Lawand
Chief Operating Officer

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Amendment to Employment Agreement

Nour Lawand