SEC Contract Filing

Filing Date: 2016-10-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>f8k100716ex10iii_snap.htm
<DESCRIPTION>FOURTH AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT, DATED OCTOBER 7, 2016, BY AND BETWEEN SNAP INTERACTIVE, INC. AND ALEXANDER HARRINGTON.
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 10.3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>EXECUTION COPY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>FOURTH
AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
<B>FOURTH AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT</B> (this &ldquo;Amendment&rdquo;), effective as of October 7, 2016 (the
&ldquo;Effective Date&rdquo;), is made and entered into by and between Snap Interactive, Inc., a Delaware corporation (the &ldquo;Company&rdquo;),
and Alexander Harrington (&ldquo;Executive&rdquo;) for purposes of amending that certain Executive Employment Agreement, dated
as of February 28, 2014, as amended by the First Amendment to Executive Employment Agreement, effective as of March 19, 2015,
as further amended by the Second Amendment to Executive Employment Agreement (the &ldquo;Second Amendment&rdquo;), effective as
of October 13, 2015, and as further amended by the Third Amendment to Executive Employment Agreement (the &ldquo;Third Amendment&rdquo;),
effective as of March 3, 2016, by and between the Company and Executive (collectively, the &ldquo;Agreement&rdquo;). Terms used
in this Amendment with initial capital letters that are not otherwise defined herein shall have the meanings assigned to such
terms in the Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
Section 12(j) of the Agreement provides that the Agreement can only be amended by a writing signed by the parties thereto; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
the Company and Executive mutually desire to amend the Agreement to reflect a change to Executive&rsquo;s Annual Incentive Bonus
for the 2016 calendar year, to update Executive&rsquo;s 2016 Annual Incentive Bonus amount, to provide for an additional grant
of stock options following the Effective Date, to revise Executive&rsquo;s severance entitlements, and to amend the definition
of &ldquo;Good Reason&rdquo; in connection with various powers being reserved to the Chairman of the Board;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOW,
THEREFORE</B>, pursuant to Section 12(j) of the Agreement, in consideration of the mutual promises, conditions, and covenants
contained herein and in the Agreement, and other good and valuable consideration, the adequacy of which is hereby acknowledged,
the parties agree to amend the Agreement as follows, effective as of the Effective Date:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010000">1.&#9;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section
4(a) of this Agreement is hereby amended by adding the following sentence to the end of the paragraph:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Executive
agrees to devote substantially all his business time to the business of the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-s