Blueprint





 







Exhibit 10.5


 



EMPLOYEE AGREEMENT AMENDMENT


 


THIS
AGREEMENT (the “Agreement”) is made and entered
into on February 15, 2019 by and between SharpSpring Technologies, Inc., a Delaware
corporation (the “Company”); and Travis Whitton
(“Employee”).


 



1. 

This Agreement
amends that certain Employee Agreement dated August 15, 2014 made and entered into by
the parties hereto, as amended from time to time (the
“Employee
Agreement”). Capitalized terms herein have the same
meaning as used in the Employee Agreement, unless otherwise
noted.






 



2. 

Paragraph 4.1 of
Article Four – Compensation of Employee is deleted and
replaced with the following:






 


4.1. Base
Compensation. For all
services rendered by Employee under this Employee Agreement, the
Company agrees to pay Employee the rate of $200,000 per year (the
“base salary”), which shall be payable to Employee not
less frequently than bi-monthly, or as is consistent with the
Company’s practice for its other
employees.


 



3. 

The provisions
contained in Appendix B
– Other Compensation - Item I. Quarterly Bonus
Compensation is deleted and replaced with the
following:






 



I.            

Quarterly Bonus
Compensation:






 


Employee shall be
eligible for bonus compensation that will be paid on a quarterly
basis (the “Quarterly Bonus”) that will be earned and
payable as follows:


 


The
annual bonus target amount is $50,000 (the Quarterly Bonus target
amount is $12,500) and will be based on the Company achieving
specified revenue and EBITDA performance targets as set by the
Board of Directors.


 


The
Quarterly Bonus is earned at the close of the applicable quarter
and is intended to be paid shortly after the Company reports its
financials publicly each quarter.


 


If
Employee’s employment is terminated for any reason, Employee
shall be paid (a) the full Quarterly Bonus earned, as determined
solely by the Company’s Board of Directors, for the most
recently completed quarter and if Employee’s employment is
terminated by the Company or by mutual agreement, Employee shall be
paid (b) a pro-rated Quarterly Bonus, as determined solely by the
Company’s Board of Directors, for the calendar quarter in
which termination occurs.


 



4. 

The following shall
be inserted to Appendix B of the Employment
Agreement:






 



III. 

Other
Compensation:






 


Such
other compensation as may be determined by the Board of Directors
from time to time.


 



5. 

All other
provisions of the Employee Agreement remain in full force and
effect, other than any provision that conflicts with the terms and
spirit of this Agreement.






 


Signature
Page Attached


 




 








 






 



IN WITNESS WHEREOF, the Parties have executed this Agreement
on the date first written above.

 

 


 


	

 

	



SHARPSPRING


TECHNOLOGIES,
INC. 
 




	

 

	

 

	

 


	

____________________________

	

By:

	

_____________________


	

(Witness
signature)

	
 

	

Bradley Stanczak, CFO


	
 

	
 

	
 


	
 

	
 

	


EMPLOYEE


	
 

	
 

	
 


	
 

	
 

	
 


	

________________________

	
 

	

_____________________


	

(Witness
signature)

	
 

	

Travis
Whitton