Options Media Group Holdings, Inc. - FORM 10-Q - EX-10.16 - AMENDMENT FROHMAN - August 22, 2011

Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - Options Media Group Holdings, Inc.Financial_Report.xls
EX-31.2 - CERTIFICATION - Options Media Group Holdings, Inc.ompg_312.htm
EX-32.1 - CERTIFICATION - Options Media Group Holdings, Inc.ompg_321.htm
EX-31.1 - CERTIFICATION - Options Media Group Holdings, Inc.ompg_311.htm
EX-3.18 - THIRD AMENDMENT TO THE AMENDED BYLAWS - Options Media Group Holdings, Inc.ompg_318.htm
EX-10.18 - AMENDMENT ST. CLAIR - Options Media Group Holdings, Inc.ompg_1018.htm
EX-10.17 - EMPLOYMENT AGREEMENT ST. CLAIR - Options Media Group Holdings, Inc.ompg_1017.htm
EX-10.13 - AMENDED COMMON STOCK PURCHASE WARRANT - Options Media Group Holdings, Inc.ompg_1013.htm
EX-10.24 - REMSTER 2 AGREEMENT - Options Media Group Holdings, Inc.opmg_1024.htm
EX-10.14 - SUBSCRIPTION AGREEMENT - Options Media Group Holdings, Inc.ompg_1014.htm
EX-10.12 - SERIES A CONVERTIBLE PREFERRED STOCK PURCHASE AGREEMENT - Options Media Group Holdings, Inc.ompg_1012.htm
EX-10.15 - EMPLOYMENT AGREEMENT FROHMAN - Options Media Group Holdings, Inc.ompg_1015.htm
EX-10.23 - BIEBER BRANDS AGREEMENT - Options Media Group Holdings, Inc.opmg_1023.htm
EX-10.25 - THE LAST GANG AGREEMENT - Options Media Group Holdings, Inc.opmg_1025.htm
EX-10.26 - THE BIG COMPANY WARRANT - Options Media Group Holdings, Inc.opmg_1026.htm
EX-10.21 - FORM OF WARRANT - Options Media Group Holdings, Inc.opmg_1021.htm
EX-10.22 - TBC AGREEMENT - Options Media Group Holdings, Inc.opmg_1022.htm
10-Q - QUARTERLY REPORT - Options Media Group Holdings, Inc.ompg_10q.htm
EX-3.8 - AMENDMENT TO ARTICLES OF INCORPORATION - Options Media Group Holdings, Inc.ompg_38.htm
 
Exhibit 10.16
 
Options Media Group Holdings, Inc.
123 NW 13th Street, Suite 300
Boca Raton, FL 33432

July 20, 2011

Scott Frohman
123 NW 13th Street, Suite 300
Boca Raton, FL 33432

Dear Scott:

This letter (“Amendment”) acknowledges that there was a scrivener’s error in your employment agreement dated June 26, 2011 (the “Agreement”) in which the shares comprising a portion of the signing bonus failed to reflect the obligation of the Executive to purchase such shares at a price of $0.01 per share.  In order to fix this error, Options Media Group Holdings, Inc. has agreed to modify Section 4(b)(ii) of the Agreement to reflect the following:

 
(ii)
In addition, the Executive shall, within 90 days of the date of this Amendment, have the right to purchase 12,500,000 shares of common stock of the Company at $0.01 per share, and such shares shall be registered on a Form S-8.

In all other respects, the Agreement is ratified and confirmed.  Please sign a copy of this letter agreement and return it to me.
 
 
  Very truly yours,
   
   
  /s/ Keith St. Clair
  St. Clair Chairman
 
AGREED AND ACCEPTED:  
     
 /s/ Scott Frohman  
  Scott Frohman  
     
 cc:           Michael D. Harris, Esq. (Via Email)  

Options Media Group Holdings, Inc. Reports