ex10_1.htm


    
      

    

    
      EXHIBIT
        10.1

      


      [ORTHOFIX
        LETTERHEAD]

      


      


      November
        20, 2007

      


      


      Mr.
        Bradley R. Mason

      C/O
        BREG,
        Inc.

      2611
        Commerce Way

      Vista,
        CA
        92081

      


      
        	
                 

              	
                Re:

              	
                Amendment
                  to Employment Agreement

              


      

      


      Dear
        Mr.
        Mason:

      


      Reference
        is made to that certain
        Employment Agreement dated November 20, 2003 (the “Employment Agreement”)
        by and between you and Orthofix International N.V., a company organized under
        the laws of the Netherlands Antilles (the “Company”).  By
        execution of this letter agreement, the parties hereby amend the Employment
        Agreement such that the text of Section 2 of the Employment Agreement is
        hereby
        deleted in its entirety and replaced with the following:

      


      “2.           Term.

      


      ORTHOFIX
        hereby agrees to employ
        Employee through December 31, 2008, unless sooner terminated as provided
        in
        Sections 6 and 7 of this Agreement.  In addition, if a Change of
        Control (as defined in Section 8(d)) occurs when less than one year remains
        prior to the expiration of Employee’s term of employment hereunder, such term
        shall be automatically extended until the first anniversary of the date on
        which
        the Change of Control first occurred.  The period during which
        Employee is employed by ORTHOFIX hereunder is referred to herein as the
“Employment Period.””

      


      Except
        as
        expressly modified and superseded by this letter agreement, you and the Company
        each hereby (a) ratify and confirm the Employment Agreement, (b) agree that
        the
        same shall continue in full force and effect, and (c) agree that the same
        are
        the legal, valid and binding obligations of you and Company, enforceable
        against
        you and the Company in accordance with its respective terms.  This
        letter agreement may be executed in two or more counterparts, any one of
        which
        need contain the signature of only one party but all of which together shall
        constitute one and the same instrument.

       

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      If
        you
        are in agreement with the foregoing, please so indicate by affixing your
        signature where indicated below.

       

      
        	 	
                ORTHOFIX
                  INTERNATIONAL N.V.

              
	 	 	 
	 	 	 
	 	
                By:

              	
                /s/
                  Alan W. Milinazzo

              
	 	 	
                Alan
                  W. Milinazzo

              
	 	 	
                Chief
                  Executive Officer

              
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	
                Agreed
                  to this ___ day of November, 2007.

              	 	 
	 	 	 
	 	 	 
	 	 	 
	
                /s/
                  Bradley R. Mason

              	 	 
	
                Bradley
                  R. Mason

              	 	 


      

    

     

     

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