On December 17, 2012, NTS, Inc. (f/k/a Xfone, Inc., the "Company") and its wholly owned subsidiary, NTS Communications, Inc. ("NTSC") entered into a first amendment to the employment agreement of Niv Krikov, the Company's Principal Accounting Officer, Treasurer, Chief Financial Officer and director, and Executive Vice President, Treasurer, Chief Financial Officer and director of NTSC. The Company and/or NTSC are referred to herein as "we", "us" or "our".

The amendment renews and extends Mr. Krikov's term of employment with us indefinitely, subject to certain termination provisions, and provides for an increase in Mr. Krikov's annual salary from $90,800 to $110,800 and the consideration of a grant of an annual success bonus in our discretion. The amendment further provides that unless terminated for cause, termination of Mr. Krikov's employment shall be upon not less than three months prior written notice subject to an extended prior notice period of up to six months if termination falls within the 90 day period prior to the end of the public school year. Under the amendment, in the event of termination of Mr. Krikov's employment by us without cause, termination by Mr. Krikov for good reason or termination by Mr. Krikov within thirty days from an event of change of control, Mr. Krikov shall be entitled to severance pay equal to nine months gross annual salary and per diem, and an acceleration in vesting of all his outstanding unvested options, which options shall remain outstanding for one year from the date of termination.

The foregoing summary is qualified in its entirety by reference to the first amendment of the employment agreement, of which a copy is attached hereto as Exhibit 10.152. A copy of the original employment agreement was filed as an exhibit to the Current Report on Form 8-K filed with the Commission on July 1, 2009.

(d) Exhibits.

    Exhibit No.   Description

      10.152      First Amendment to Employment Agreement dated December 17, 2012
                  between NTS, Inc., NTS Communications, Inc. and Niv Krikov