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9500 W. 55th Street, Suite A l McCook, Illinois 60525-3605 l 708.290.2100 l Fax 708.290.2200
Publicly Traded (NYSE AMEX: WGA), www.wellsgardner.com
SIXTH AMENDMENT TO AMENDED EMPLOYMENT AGREEMENT
This Sixth Amendment made effective as of December 16, 2010, between ANTHONY SPIER (“Employee”) and WELLS-GARDNER ELECTRONICS CORPORATION, an Illinois corporation (“Company”).
WHEREAS Employee and Company entered into an Amended Employment Agreement effective as of February 29, 1996, as amended by that certain First Amendment to Amended Employment Agreement dated as of February 10, 1999; and as amended by resolution of the Compensation Committee at its April 24, 2001 meeting; and as amended by that certain Second Amendment dated as of February 11, 2002; as amended by that certain Third Amendment dated as of December 18, 2002; as further amended by that certain Fourth Amendment dated as of February 8, 2005 and that certain Fifth Amendment dated December 13, 2007 (as so amended, the “Employment Agreement”); and
WHEREAS Employee and Company desire to further amend the Employment Agreement in accordance with the specific terms and provisions set forth in this Sixth Amendment.
NOW, THEREFORE, in consideration of the premises hereto and consideration, the receipt and sufficiency of which is hereby acknowledged, Employee and Company hereby amend the Employment Agreement as follows:
Paragraph 3 is hereby amended in its entirety to read as follows:
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“3.
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Term. The term of Employee’s employment hereunder shall be until December 31, 2014.”
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EXCEPT AS AMENDED HEREBY, the Employment Agreement shall continue in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Sixth Amendment as of the day and year first above written.
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Company:
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WELLS-GARDNER ELECTRONICS CORPORATION
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An Illinois Corporation
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By:
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Marshall L. Burman
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Title:
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Chairman, Compensation Committee
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Employee:
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Anthony S. Spier
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