Exhibit 10.1.8
MODIFICATION OF AGREEMENT
(FOURTH MODIFICATION)
WHEREAS, OxySure Systems, Inc. (“OxySure”) and Julian T. Ross (“Ross”) (OxySure and Ross jointly, the “Parties”) entered into that certain Employment Agreement (“Agreement”) dated January 15, 2009, as amended, for the second time on June 23, 2009, and as further amended for the third time on January 15, 2010; and
WHEREAS, The Parties have agreed that it is in their best interests to modify the terms of the Agreement.
NOW, WHEREFORE, FOR GOOD AND VALUABLE CONSIDERATION, THE SUFFICIENCY OF WHICH IS HEREBY ACKNOWLEDGED, THE PARTIES AGREE AS FOLLOWS:
Section 3 – “TERM” of the as amended Agreement shall be modified, and shall read as follows:
The employment of the Executive by the Company pursuant to the provisions of this Agreement shall commence on the Effective Date and end on the One Thousand Four Hundred Fortieth (1,440th) day thereafter, unless sooner terminated as hereinafter provided.
All other provisions of the Agreement shall remain unchanged.
Agreed to and accepted:
By: | /s/ Don Reed | By: | /s/ Vicki Jones | |||
Mr. Don Reed, Director | Ms. Vicki Jones, Director | |||||
For: OxySure Systems, Inc. | For: OxySure Systems, Inc. | |||||
Date: | 2/3/1012 | Date: | 2/3/1012 |