Regenicin Inc (RGIN)

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from 8k filed AUG 2,

On July 16, 2010, we entered into a written Employment Agreement with Randall E. McCoy. On August 2, 2010, in a letter agreement (the “Amendment”), we amended Section 3(a) of the Employment Agreement concerning his annual salary. Mr. McCoy will now earn an annual base salary of $125,000 until such time as we achieve a positive net income for the preceding calendar quarter as determined in accordance with GAAP and reported in our financial statements filed with the Securities and Exchange Commission. Immediately upon our attaining such positive net income, Mr. McCoy’s annual base salary will be increased to $250,000 as stated in the Employment Agreement.

Nice Incentive to become profitable.