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AMENDMENT NO. 2
TO
EMPLOYMENT AGREEMENT
THIS
AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT, dated as of
December 6, 2006 (this “AMENDMENT”), amends that
certain EMPLOYMENT AGREEMENT dated as of February 14, 2003 by
and between MOTORCAR PARTS OF AMERICA, INC., a New York corporation
formerly known as MOTORCAR PARTS & ACCESSORIES, INC. (the
“COMPANY”), and Selwyn Joffe, an individual
(“EXECUTIVE”) (as amended by that certain Amendment
No. 1 to Employment Agreement dated as of April 22, 2005,
the “EMPLOYMENT AGREEMENT”), and is made and entered
into with reference to the following facts (all capitalized terms
not otherwise defined herein have the respective meanings assigned
to them in the EMPLOYMENT AGREEMENT):
WHEREAS,
the COMPANY and EXECUTIVE desire to amend the EMPLOYMENT AGREEMENT
to extend the term of EXECUTIVE’S employment.
NOW,
THEREFORE, the parties hereby agree as follows:
1.
Amendments to Employment Agreement .
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(a)
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Section 2 is hereby amended by
replacing “March 31, 2008” with
“August 30, 2009.”
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(b)
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Section 7(c) is hereby amended
and restated in its entirety to read as follows:
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“During
the EMPLOYMENT TERM the COMPANY shall provide to EXECUTIVE an
automobile allowance in the amount of Fifteen Hundred Dollars
($1500.00) per month, payable monthly. In addition, all costs of
operating the automobile, including fuel, oil, insurance, repairs,
maintenance and other expenses, shall be the responsibility of the
COMPANY.
2.
Notices . All notices, demands and other communications
pro
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