AMENDED EMPLOYMENT AGREEMENT
Exhibit 10.3
AMENDED EMPLOYMENT AGREEMENT
This Amended Employment Agreement (“Amendment”) is made effective as of April 30, 2024, by and between Longstar HealthPro Inc. (“Company”) and ▇▇▇▇▇▇ ▇▇▇▇ (“Employee”).
WHEREAS, the Company and the Employee entered into an Offer Leter dated May 15, 2023 (the “Original Agreement”);
WHEREAS, the Original Agreement included provisions for a sign-up stock compensation bonus involving the grant of 10,000 shares of the Company’s common stock, with a vesting schedule and conditions outlined in a separate agreement dated May 20, 2023 (the “Vesting Agreement”);
WHEREAS, the Employee has requested to amend the terms of the Original Agreement and Vesting Agreement to replace the stock compensation bonus with a one-time cash bonus;
NOW, THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the parties agree to amend the Original Agreement as follows:
| 1. | One-Time Bonus: |
| ● | The Company agrees to pay the Employee a one-time cash bonus of $10,000, payable within 30 days of the effective date of this Amendment. |
| ● | This one-time bonus replaces the previously agreed upon stock compensation bonus of 10,000 shares of the Company’s common stock, as described in the Original Agreement and Vesting Agreement. |
| 2. | Termination of Stock Compensation Agreement: |
| ● | The Vesting Agreement dated May 20, 2023, is hereby terminated in its entirety and shall be of no further force or effect. |
| ● | The Employee acknowledges that by accepting the one-time cash bonus, they waive any and all rights to the previously agreed upon stock compensation. |
| 3. | Continued Employment: |
| ● | All other terms and conditions of the Original Agreement not amended herein shall remain in full force and effect. |
| ● | The Employee’s at-will employment status, as outlined in the Original Agreement, remains unchanged. |
| 4. | Governing Law: |
| ● | This Amendment shall be governed by and construed in accordance with the laws of the State of California. |
IN WITNESS WHEREOF, the parties hereto have executed this Amended Employment Agreement as of the date first writen above.
| Longstar HealthPro Inc. | ▇▇▇▇▇▇ ▇▇▇▇ | |||
| By: | /s/ ▇▇▇▇ ▇▇▇▇▇ | By: | /s/ ▇▇▇▇▇▇ ▇▇▇▇ | |
| ▇▇▇▇ ▇▇▇▇▇ | ▇▇▇▇▇▇ ▇▇▇▇ | |||
| HR/Office Manager | CFO | |||
| Date: April 30, 2024 | Date: April 30, 2024 | |||
