This Consulting Services Agreement involves
Title: AMENDMENT TO CONSULTING AGREEMENT
Industry: Restaurants Sector: Services
This Amendment (this “ Amendment ”), entered into and effective as of August 4, 2016, is made to that certain Consulting Agreement, effective as of August 10, 2015 (the “ Agreement ”), by and between Nathan’s Famous, Inc., a Delaware corporation (the “ Company ”), and Wayne Norbitz (“ Consultant ”). Capitalized terms used herein but not otherwise defined shall have the meanings ascribed to them in the Agreement.
WHEREAS , the Parties desire to amend the Agreement to extend the Term and certain other terms and conditions of the Agreement; and
WHEREAS , pursuant to Section 16 of the Agreement, the Agreement may only be amended by a written instrument signed by the Parties.
NOW, THEREFORE, in exchange for good and valuable consideration, the sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Parties hereby agree as follows:
Amendments to Agreement.
(a) Sections 1 and 2 of the Agreement are hereby amended and restated to read as follows:
“1. Duties . Subject to the terms and conditions set forth in this Agreement, the Company agrees to retain Consultant to provide services to the Company. Consultant shall provide one (1) day of service per week to the Company, as directed by the Board of Directors of the Company and/or Eric Gatoff, Chief Executive Officer of the Company. It is the intention of the Consultant to form a limited liability company which will perform the services required under the Agreement.
2. Fee . The Company shall pay to Consultant $8,145.50 per month for services rendered. By the last week of each month, Consultant shall submit an invoice to the Company reasonably detailing time expended rendered that month. The Company shall pay Consult