AMERICAN MEDIA INC - FORM 10-K - EX-10.34 - EXHIBIT - August 15, 2014

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EX-10.29 - EXHIBIT - AMERICAN MEDIA INCexhibit1029_amendmentno2xb.htm
EX-10.28 - EXHIBIT - AMERICAN MEDIA INCexhibit1028_amendmentno1xb.htm
EX-10.15 - EXHIBIT - AMERICAN MEDIA INCexhibit1015_amendmentno4xp.htm
EX-10.32 - EXHIBIT - AMERICAN MEDIA INCexhibit1032_amendmentno5xb.htm
EX-10.38 - EXHIBIT - AMERICAN MEDIA INCexhibit1038_amendmentno11x.htm
EX-10.26 - EXHIBIT - AMERICAN MEDIA INCexhibit1026_amendmentno9xh.htm
EX-10.27 - EXHIBIT - AMERICAN MEDIA INCexhibit1027_bonnettemploym.htm
EX-10.30 - EXHIBIT - AMERICAN MEDIA INCexhibit1030_amendmentno3xb.htm
EX-10.36 - EXHIBIT - AMERICAN MEDIA INCexhibit1036_amendmentno9xb.htm
EX-10.31 - EXHIBIT - AMERICAN MEDIA INCexhibit1031_amendmentno4xb.htm
EX-10.37 - EXHIBIT - AMERICAN MEDIA INCexhibit1037_amendmentno10x.htm
EX-10.35 - EXHIBIT - AMERICAN MEDIA INCexhibit1035_amendmentno8xb.htm
EX-10.33 - EXHIBIT - AMERICAN MEDIA INCexhibit1033_amendmentno6xb.htm
EXCEL - IDEA: XBRL DOCUMENT - AMERICAN MEDIA INCFinancial_Report.xls
EX-32 - EXHIBIT - AMERICAN MEDIA INCami-ex32_20140331.htm
EX-10.46 - EXHIBIT - AMERICAN MEDIA INCexhibit1046_amendmentno2xr.htm
EX-21.1 - EXHIBIT - AMERICAN MEDIA INCexhibit211_listingofsubsid.htm
EX-12.1 - EXHIBIT - AMERICAN MEDIA INCexhibit121_ratioofearnings.htm
EX-31.1 - EXHIBIT - AMERICAN MEDIA INCami-ex311x20140331.htm
10-K - 10-K - AMERICAN MEDIA INCami-20140331x10k.htm
EX-10.39 - EXHIBIT - AMERICAN MEDIA INCexhibit1039_amendmentno12x.htm
EX-10.45 - EXHIBIT - AMERICAN MEDIA INCexhibit1045_waivertocredit.htm
EX-31.2 - EXHIBIT - AMERICAN MEDIA INCami-ex312x20140331.htm


Exhibit 10.34



AMENDMENT NO. 7, dated as of March 19, 2009,
to that Employment Agreement dated April 1, 2002 (the "Agreement")
by and between David Bonnett (the "Executive") and
AMERICAN MEDIA, INC. (the "Company").

Effective as of the date first written above, the Agreement is hereby amended as follows:

1.    Paragraph 1a of the Employment Agreement is hereby deleted and the following substituted therefore:

Employment Term. The Company shall employ Executive until March 31, 2010 (the "Employment Term") on the terms and subject to the conditions set forth in this Agreement. The Agreement shall be considered effective as of April 1, 2002 (the "Effective Time").

2.     Paragraph 4 of the Employment Agreement is hereby deleted and the following substituted therefore:

Annual Bonus. With respect to each full fiscal year, effective fiscal year 2010, during the Executive's employment with the Company, during the Employment Term, Executive shall be eligible to earn an annual discretionary Bonus (a "Bonus") of up to $60,000 (Sixty Thousand Dollars and Zero Cents). Executive will receive a minimum Bonus of $30,000 (Thirty Thousand Dollars and Zero Cents) for each full fiscal year during the Employment Term. Such Bonus, if any (above the minimum stated above), shall be at the sole discretion and recommendation of the Chairman/CEO of the Company to the Compensation Committee of the Board. Such Bonus, shall be payable in a lump sum after the close of the fiscal year and the Company's 10-K (if public filing is required) has been filed (approximately 90 days after the close of the Company's fiscal year), but in no event later than March 15th of the calendar year following the calendar year in which the fiscal year ends.

All other terms and conditions of Your Employment Agreement and any subsequent amendments of that Employment Agreement shall remain in full force and effect (unless modified above).
        
IN WITNESS WEREOF, the parties hereto have duly executed this Amendment No. 7 as of the date first written above.

                                
AMERICAN MEDIA, INC.
 
 
 
 
By:
/s/ David Pecker
 
 
 
David Pecker
 
 
 
 
 
 
 
/s/ David Bonett
 
 
 
David Bonnett
 
 



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