Exhibit 10.6
FIRST AMENDMENT TO EMPLOYMENT
CONTRACT
This FIRST AMENDMENT is made on of
the 31st day of December, 2008, between KEVIN AUSTIN
(hereinafter referred to as “Employee”) and TRX,
INC ., a Georgia corporation (hereinafter referred to as the
“Company”).
WHEREAS , Employee and the Company previously entered
into that certain Employment Contract dated December 7, 2006
(the “Employment Contract”); and
WHEREAS, Employee and the Company desire to amend certain
terms and provisions of the Employment Contract and to make certain
amendments for compliance with Code Section 409A;
NOW, THEREFORE
, for and in consideration of the
sum of Ten and no/100 Dollars ($10.00) in hand paid each to the
other and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Employee and the
Company hereby agree to amend the Employment Contract as
follows:
1. Section 2 of the
Employment Contract shall be amended by deleting that section in
its entirety and replacing it with the following new
paragraph:
“2. Duties and
Responsibilities . Effective as of 14 November, 2008,
Employee shall be employed as Executive Vice President, Product
Architecture of the Company, reporting directly to the President
and CEO of the Company. As Executive Vice President, Product
Architecture, Employee shall be responsible for overall management
of the
