EX-10.4(D) 4 f10q0617ex10ivd_droneav.htm (D) AMENDMENT NO. 4 TO EMPLOYMENT AGREEMENT, DATED AUGUST 3, 2017, BETWEEN DRONE AVIATION HOLDING CORP., AND DANIYEL ERDBERG

Exhibit 10.4(d)

 

AMENDMENT NO. 4

TO

EMPLOYMENT AGREEMENT

 

This Amendment No. 4 to the Employment Agreement (“Amendment”), dated August 3, 2017, is by and between Drone Aviation Holding Corp., a Nevada corporation with an address 11651 Central Parkway #118, Jacksonville, FL 32224 (the “Company”), and Daniyel Erdberg (the “Executive”).

 

WHEREAS, the parties entered into an Employment Agreement on May 18, 2015 (the “Employment Agreement”); and

 

WHEREAS, the parties entered into an Amendment No. 1 on October 2, 2015 (Erdberg Amendment No. 1); and

 

WHEREAS, the parties entered into an Amendment No. 2 on April 27, 2016 (Erdberg Amendment No. 2); and

 

WHEREAS, the parties entered into an Amendment No. 3 on September 26, 2016 (Erdberg Amendment No. 3); and

 

WHEREAS, 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;

 

NOW, THEREFORE, in consideration of the terms and conditions hereinafter set forth, the parties hereto agree as follows:

 

1.          Section 4 of the Employment Agreement – Compensation of Employee – is hereby modified to $165,000 annual Base Salary.

 

2.          The terms and conditions of all other sections of the Employment Agreement shall remain unchanged and in full force and effect.

 

IN WITNESS WHEREOF, the parties have executed this agreement as of the date first stated above.

 

  DRONE AVIATION HOLDING CORP.
     
  By: /s/ Kendall Carpenter
    Name: Kendall W. Carpenter
    Title:   Chief Financial Officer
     
  By: /s/ Daniyel Erdberg
    Name: Daniyel Erdberg