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FIRST AMENDMENT TO EMPLOYMENT
AGREEMENT
This
FIRST AMENDMENT (this “
Amendment ”)
to the EMPLOYMENT AGREEMENT, dated as of June 22, 2007, and
effective as of May 11, 2007 (the “
Agreement ”),
by and between STEVEN S. MAGAMI, an individual residing in Los
Angeles, California (the “
Employee ”),
and PURE BIOFUELS CORP., a Nevada corporation (the “
Company ”)
is effective as of September 12, 2007 (the “
Effective Date ”).
Capitalized terms used but not defined herein have the meanings set
forth in the Agreement unless the context otherwise
requires.
WITNESSETH
WHEREAS,
Section 6.01 of the Agreement sets forth the Base Salary of
Employee as an amount equal to $100,000 per year;
and
WHEREAS,
the Company desires to increase the amount of such Base Salary
to an amount equal to $200,000 as of the Effective
Date.
NOW,
THEREFORE, for good and valuable consideration, the
sufficiency of which is hereby acknowledged, Company and
Employee, intending to be legally bound hereby agree as
follows:
1.
Base Salary .
Section
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