Ads in Motion, Inc. - FORM 8-K - EX-10.18 (B) - AMENDMENT TO EMPLOYMENT AGREEMENT - February 14, 2011

Attached files

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EX-2.1 - SHARE EXCHANGE AGREEMENT - Ads in Motion, Inc.f8k0211ex2i_adsinmotion.htm
EX-10.10 - FORM OF LOCKUP AGREEMENT - Ads in Motion, Inc.f8k0211ex10x_adsinmotion.htm
EX-10.1 - CONTRIBUTION AND ASSUMPTION AGREEMENT - Ads in Motion, Inc.f8k0211ex10i_adsinmotion.htm
EX-10.5 - FORM OF B WARRANT - Ads in Motion, Inc.f8k0211ex10v_adsinmotion.htm
EX-10.6 - FORM OF REGISTRATION RIGHTS AGREEMENT - Ads in Motion, Inc.f8k0211ex10vi_adsinmotion.htm
EX-10.4 - FORM OF A WARRANT - Ads in Motion, Inc.f8k0211ex10iv_adsinmotion.htm
EX-10.9 - FORM OF SECURITIES ESCROW AGREEMENT - Ads in Motion, Inc.f8k0211ex10ix_adsinmotion.htm
EX-10.2 - FORM OF SECURITIES PURCHASE AGREEMENT - Ads in Motion, Inc.f8k0211ex10ii_adsinmotion.htm
EX-10.3 - FORM OF 8% ORIGINAL ISSUE DISCOUNT SENIOR SUBORDINATED SECURED CONVERTIBLE DEBENTURE - Ads in Motion, Inc.f8k0211ex10iii_adsinmotion.htm
EX-10.7 - SECURITY AGREEMENT - Ads in Motion, Inc.f8k0211ex10vii_adsinmotion.htm
EX-10.8 - PERSONAL GUARANTY - Ads in Motion, Inc.f8k0211ex10viii_adsinmotion.htm
EX-99.2 - UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS OF MAGLA PRODUCTS, LLC FOR THE NINE MONTHS ENDED AUGUST 28, 2010 AND AUGUST 29, 2009 - Ads in Motion, Inc.f8k0211ex99ii_adsinmotion.htm
EX-10.11 - SALE OF ACCOUNTS AND SECURITY AGREEMENT - Ads in Motion, Inc.f8k0211ex10xi_adsinmotion.htm
EX-10.12 - FGI GUARANTY - Ads in Motion, Inc.f8k0211ex10xii_adsinmotion.htm
EX-10.19 - MAGLA PRODUCTS, LLC AMENDED AND RESTATED NONQUALIFIED DEFERRED COMPENSATION PLAN - Ads in Motion, Inc.f8k0211ex10xix_adsinmotion.htm
EX-10.13 - FGI GUARANTY - Ads in Motion, Inc.f8k0211ex10xiii_adsinmotion.htm
EX-10.17 - EMPLOYMENT AGREEMENT DATED FEBRUARY 8, 2011 BY AND BETWEEN MAGLA INTERNATIONAL, LLC AND JORDAN GLATT - Ads in Motion, Inc.f8k0211ex10xvii_adsinmotion.htm
EX-99.3 - UNAUDITED PRO FORMA COMBINED FINANCIAL INFORMATION OF ADS IN MOTION, INC. AND ITS SUBSIDIARIES - Ads in Motion, Inc.f8k0211ex99iiii_adsinmotion.htm
EX-10.18 (A) - EMPLOYMENT AGREEMENT DATED JUNE 2009 BY AND BETWEEN MAGLA PRODUCTS, LLC AND ALISON CARPINELLO - Ads in Motion, Inc.f8k0211ex10xviiia_adsinmoton.htm
8-K - CURRENT REPORT - Ads in Motion, Inc.f8k0211_adsinmotion.htm
EX-99.1 - AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF MAGLA PRODUCTS, LLC FOR THE FISCAL YEARS ENDED NOVEMBER 28, 2009 AND NOVEMBER 29, 2008 - Ads in Motion, Inc.f8k0211ex99i_adsinmotion.htm
 
Exhibit 10.18 (b)
 
AMENDMENT TO EMPLOYMENT AGREEMENT

 
AMENDATORY AGREEMENT made this 8th day of February, 2011, by and between MAGLA PRODUCTS, L.L.C., a New Jersey limited liability company ("Magla Products") and ALISON CARPINELLO ("Employee"),
 
RECITALS:
 
                         WHEREAS:
 
(1) Magla Products and Employee entered into an employment agreement on June 20, 2009 ("Employment Agreement"); and
 
(2) Magla Products is entering into a transaction with. Magla International, L.L.C. ("Magla International") whereby Magla Products is transferring certain of its operating assets to Magla International and Magla International is assuming certain of Magla Products' liabilities in consideration for all of the membership interests of Magla International and in connection therewith, Magla International will operate the business previously operated by Magla Products; and
 
                                (3) Ads in Motion, Inc., is the sole member of Magla International,
 
NOW, THEREFORE, the parties hereto, intending to be legally bound, agree as follows:
 
(1) Paragraph 3(a) of the Employment Agreement is amended by adding the following sentence at the end: "Employee shall also serve as Chief Financial Officer and Vice President of Ads in Motion, Inc., without any additional compensation, unless Ads in Motion, Inc. agrees otherwise."
 
(2) The Employment Agreement is also amended in order that the term: "Magla" refers to Magla International and not Magla Products as of the date hereof in order that Magla International shall be the employer of Employee.
 
(3) The "RECITALS" set forth above are incorporated into this amendment and made a part hereof.
 
(4) Except as herein modified, the Employment Agreement is in all other respects ratified and confirmed.
 
IN WITNESS WHEREOF, the parties have duly executed this employment agreement the day and year first above written.
 
MAGLA INTERNATIONAL, L.L.C.    MAGLA PRODUCTS, L.L.C.  
"Magla International"    "Magla Products"  
           
By: 
/s/ Jordan Glatt
   By:
/s/ Jordan Glatt
  
 
Jordan Glatt, President and
    
 Jordan Glatt, President
  
 
Chief Executive Officer
    
 
  
        /s/ Alison Carpinello  
        Alison Carpinello - "Employee"  
                                                            
 
 
 

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