EXHIBIT 10.2
AMENDMENT NO. 1
TO
EXECUTIVE EMPLOYMENT AGREEMENT
This
Amendment No. 1 to Executive Employment Agreement (this “
Amendment ”), is entered into as of this 6th
day of August, 2009 (the “ Effective Date
”), by and between TALON INTERNATIONAL, INC., a Delaware
corporation (the “ Company ”) and LARRY
DYNE (“ Executive ”).
RECITALS
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A.
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On June 18,
2008, the Company and Executive entered into an Executive
Employment Agreement (the “Agreement ”)
pursuant to which the Company retained the services of
Executive.
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B.
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The parties
desire to amend Exhibit A of the Agreement as set forth
herein.
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AGREEMENT
NOW,
THEREFORE, in consideration of the premises and the mutual
agreements, representations and undertakings this Agreement
contains, the parties hereto hereby agree as follows:
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1.
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Certain
Definitions .
Capitalized terms used but not defined herein have the respective
meanings assigned to them in the Agreement.
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2.
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Amendment to Agreement
. The Agreement is hereby amended as
set forth in paragraph (a) below. Except as specifically amended
hereby, the other terms and conditions in the Agreement shall
continue in full force and effect, notwithstanding the execution
and delivery of this Amendment. After the date hereof, any
reference to the Agreement shall mean the Agreement as amended by
this Amendment, and as used in the Agreement, the terms
“Agreement,” “this Agreement,”
“herein,” “hereinafter,”
“hereto,” “hereof” and words of similar
import shall, unless the context otherwise requires, mean the
Agreement as amended by this Amendment.
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(a)
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Effective for
all periods commencing from and after January 1, 2009, Exhibit A of
the Agreement is hereby amended in its entirety to read as set
forth on Exhibit A attached hereto.
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3.
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Governing Law . THIS AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA,
WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES
THEREOF.
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4.
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Counterparts . This Amendment may be executed in
any number of counterparts, each of which shall be deemed to be an
original, but all of which together shall constitute one and the
same instrument.
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(Signatures on Following Page)
IN
WITNESS WHEREOF, the parties have executed this Amendment as of the
date first set forth above.
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Company:
TALON INTERNATIONAL, INC.
By: /s/ Ray
Musci
Ray
Musci
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