EX-99.1 2 f8k013120ex99-1_inspired.htm AMENDMENT EFFECTIVE JANUARY 31, 2020 TO THE EMPLOYMENT AGREEMENT DATED DECEMBER 14, 2016 (AS AMENDED) BY AND BETWEEN THE COMPANY AND DANIEL B. SILVERS

Exhibit 99.1

 

 

 

January 31, 2020

 

Private & Confidential

Mr. Daniel B. Silvers

 

Dear Daniel,

 

The following amendments to your employment agreement of December 14, 2016, as amended (the ‘‘Agreement’’), are effective as of January 31, 2020:

 

1. The fourth sentence of Section 5(a) is deleted;

 

2. Section 5(c) does not apply to: (i) any equity grants made to an executive (either current or prospective) of the Company upon the signing of a new employment contract with the company; or (ii)

Section 5(a), as amended hereby; and

 

3. This amendment is in consideration of the payment to you of $1, the receipt and sufficiency of which is hereby acknowledged. No other promises or other consideration has been offered to secure this amendment.

 

All other terms and conditions of your employment remain unchanged. Please sign both copies of this letter to accept the above changes and return one copy to the HR Department for inclusion on your personnel file.

 

Yours sincerely,

 

/s/ Lorne Weil    
Lorne Weil    
Executive Chairman    

 

I accept the above changes to my terms and conditions of employment.

 

/s/ Daniel B. Silvers    
Signed: Daniel B. Silvers   Date: January 31, 2020

 

  

 

 

 

Inspired Entertainment, Inc. Registered in Delaware no. 05804323,
250 West 57th Street, Suite 2223 New York, NY 10107
T +1 646-565-3861 E info@inseinc.com