Item 5.02 Departure of Directors or Certain Officers; Election of Directors;


          Appointment of Certain Officers; Compensatory Arrangements of Certain
          Officers.

On January 7, 2021 and effective December 30, 2020, LMP Automotive Holdings, Inc. (the "Company") entered into amendments to the employment agreements with Mr. Samer Tawfik, its Chief Executive Officer, Mr. Evan S. Bernstein, its Chief Financial Officer, and Mr. B. Richard Aldahan, its Chief Operating Officer.

Under the terms of the First Amendment to the Employment Agreement between the Company and Mr. Tawfik, the Company (i) increased Mr. Tawfik's annual base salary to $300,000, (ii) amended the vesting for options to purchase up to 10,000 shares of the Company's common stock previously awarded to Mr. Tawfik and (iii) agreed to award him options to purchase up to an aggregate of 150,000 shares of the Company's common stock upon the achievement of certain milestones.

Under the terms of the First Amendment to the Employment Agreement between the Company and Mr. Bernstein, the Company (i) agreed to permit Mr. Bernstein the use of a Company vehicle, (ii) amended the vesting for options to purchase up to 40,000 shares of the Company's common stock previously awarded to Mr. Bernstein and (iii) agreed to award him options to purchase up to an aggregate of 100,000 shares of the Company's common stock upon the achievement of certain milestones.

Under the terms of the First Amendment to the Employment Agreement between the Company and Mr. Aldahan, the Company (i) increased Mr. Aldahan's annual base salary to $300,000, (ii) amended the vesting for options to purchase up to 40,000 shares of the Company's common stock previously awarded to Mr. Aldahan, (iii) agreed to award him options to purchase up to an aggregate of 145,000 shares of the Company's common stock upon the achievement of certain milestones, (iv) awarded Mr. Aldahan a one-time bonus of $350,000 payable upon the consummation of the Company's proposed financing with Truist Bank, payable in cash, Company securities or a combination of both, and (v) awarded Mr. Aldahan a quarterly bonus of a percentage of the Company's post-minority interest income.

The foregoing summaries of the terms and conditions of these amendments are qualified in their entirety by reference to the forms of amendments which are filed as Exhibits 10.1, 10.2 and 10.3 to this report.

Item 9.01. Financial Statements and Exhibits






(d) Exhibits



Exhibit No.   Description

10.1            First Amendment to Employment Agreement, effective as of December 30,
              2020, by and between LMP Automotive Holdings, Inc. and Samer Tawfik.
10.2            First Amendment to Employment Agreement, effective as of December 30,
              2020, by and between LMP Automotive Holdings, Inc. and Evan S.
              Bernstein.
10.3            First Amendment to Employment Agreement, effective as of December 30,
              2020, by and between LMP Automotive Holdings, Inc. and B. Richard
              Aldahan.




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