SEC Contract Filing

Filing Date: 2016-04-29

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>f10q0316ex10iv_droneavia.htm
<DESCRIPTION>AMENDMENT AGREEMENT TO THE EMPLOYMENT AGREEMENT OF DANIYEL ERDBERG,
<TEXT>
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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: right"><B>Exhibit&nbsp; 10.4</B></P>

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>AMENDMENT NO.
2 </B></P>

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>EMPLOYMENT AGREEMENT</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; margin-left: 0pt; text-indent: 20pt; text-align: justify">This
Amendment No. 2 to the Employment Agreement (&ldquo;<U>Amendment</U>&rdquo;), dated April 27, 2016, is by and between Drone Aviation
Holding Corp., a Nevada corporation with an address 11651 Central Parkway #118, Jacksonville, FL 32224 (the &ldquo;<U>Company</U>&rdquo;),
and Daniyel Erdberg (the &ldquo;<U>Executive</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; margin-left: 40pt; text-indent: 0pt; text-align: justify"><B>WHEREAS</B>,
the parties entered into an Employment Agreement on May 18, 2015 (the &ldquo;<U>Employment Agreement</U>&rdquo;); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; margin-left: 40pt; text-indent: 0pt; text-align: justify"><B>WHEREAS</B>,
the parties entered into an Amendment No. 1 on October 2, 2015 (Erdberg Amendment No. 1); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; margin-left: 40pt; text-indent: 0pt; text-align: justify"><B>WHEREAS</B>,
the parties wish to further amend the Employment Agreement as set forth below, with the understanding that all other provisions
of the Employment Agreement shall remain unchanged;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; margin-left: 40pt; text-indent: 0pt; text-align: justify"><B>NOW,
THEREFORE</B>, in consideration of the terms and conditions hereinafter set forth, the parties hereto agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; margin-left: 0pt; text-indent: 0pt; text-align: justify">1.
Section 3 of the Employment Agreement- Term of Employment- is hereby extended by one (1) year until <B>May 18, 2018</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; margin-left: 0pt; text-indent: 0pt; text-align: justify">2.
Section 4 of the Employment Agreement &ndash; Compensation of Employee &ndash; is hereby modified to <B>$150,000 annual Base Salary</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; margin-left: 0pt; text-indent: 0pt; text-align: justify">3.
The terms and conditions of all other sections of the Employment Agreement shall remain unchanged and in full force and effect.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 6pt 20pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IN
WITNESS WHEREOF, the parties have executed this agreement as of the date first stated above.</FONT></P>

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 <TD STYLE="width: 60%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
 <TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
 <TD STYLE="width: 33%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>DRONE AVIATION HOLDING
 CORP.</B></FONT></TD></TR>
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 <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
 <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
 <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
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 <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: /s/
 Kendall Carpenter</FONT></TD></TR>
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 <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
 <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
 <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Kendall W. Carpenter</FONT></TD></TR>
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