SEC Contract Filing

Filing Date: 2024-04-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>ea020388901ex10-1_silversun.htm
<DESCRIPTION>AMENDED AND RESTATED MELLER LETTER AGREEMENT, DATED APRIL 14, 2024, BY AND BETWEEN SILVERSUN TECHNOLOGIES, INC. AND MARK MELLER
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><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: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>AMENDED
AND RESTATED LETTER AGREEMENT </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><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: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
AMENDED AND RESTATED LETTER AGREEMENT (this &ldquo;<B><I>Agreement</I></B>&rdquo;), executed and effective as of April 14, 2024 (the
&ldquo;<B><I>Effective Date</I></B>&rdquo;), is made by and among SilverSun Technologies, Inc., a Delaware Corporation (&ldquo;<B><I>SilverSun</I></B>&rdquo;),
and Mark Meller, an individual (the &ldquo;<B><I>Executive</I></B>,<B><I>&rdquo;</I></B> and collectively with SilverSun, the &ldquo;<B><I>Parties</I></B>&rdquo;),
the Parties to that certain Amended and Restated Employment Agreement, dated as of February 4, 2016 (as amended, the &ldquo;<B><I>Employment
Agreement</I></B>&rdquo;). This Agreement supersedes and replaces the letter agreement between the Parties dated as of December 3, 2023
regarding the subject matter hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><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: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WITNESSETH:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><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: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
the Employment Agreement was executed on February 4, 2016 and amended on November 11, 2021;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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: 0pt 0; text-align: justify; background-color: white; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">WHEREAS,
Section 5(b)(ii) of the Employment Agreement provides </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">that,
upon certain qualifying terminations of the Executive&rsquo;s employment described therein and except as otherwise provided in Section
5(d) thereof, SilverSun shall pay as severance to the Executive a lump sum severance payment (such payment, the &ldquo;<B><I>Termination
Payment</I></B>&rdquo;) equal to 300% of an average annual amount actually paid by SilverSun or any parent or subsidiary of SilverSun
to the Executive and included in the Executive&rsquo;s gross income for services rendered in each of the five (5) calendar years prior
to termination, <I>less</I> $100;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><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: 0pt 0; text-align: justify; background-color: white; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
effective as of the date hereof, SilverSun has entered into an Amended and Restated Investment Agreement with Jacobs Private Equity II,
LLC (on behalf of itself and certain other investors, the &ldquo;<B><I>Investment Agreement&rdquo;</I></B>); and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><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: 0pt 0; text-align: justify; background-color: white; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
the Parties wish to terminate and liquidate the Employment Agreement effective immediately prior to the Closing (as defined in the Investment
Agreement) and provide for a payment to the Executive in full satisfaction of any and all obligations of SilverSun pursuant to the Employment
Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 108pt; background-color: white"><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: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NOW,
THEREFORE, in consideration of good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending
to be legally bound hereby, Silv