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<SEC-DOCUMENT>0000943440-10-000047.txt : 20100208
<SEC-HEADER>0000943440-10-000047.hdr.sgml : 20100208
<ACCEPTANCE-DATETIME>20100208153423
ACCESSION NUMBER:		0000943440-10-000047
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20100208
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20100208
DATE AS OF CHANGE:		20100208

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PETMED EXPRESS INC
		CENTRAL INDEX KEY:			0001040130
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-DRUG STORES AND PROPRIETARY STORES [5912]
		IRS NUMBER:				650680967
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			0330

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28827
		FILM NUMBER:		10580846

	BUSINESS ADDRESS:	
		STREET 1:		1441 SW 29 AVENUE
		CITY:			POMPANO BEACH
		STATE:			FL
		ZIP:			33069
		BUSINESS PHONE:		9549794788

	MAIL ADDRESS:	
		STREET 1:		1441 SW 29 AVENUE
		CITY:			POMPANO BEACH
		STATE:			FL
		ZIP:			33069
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>petmed_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Current Report</TITLE>
<META NAME="author" CONTENT="EDGAR Online HTML to RTF Converter. Version 3.0">
<META NAME="date" CONTENT="02/08/2010">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="margin:0px">&nbsp;<A NAME="B416715_8K_HTM"></A>&nbsp;<A NAME="FIS_UNIDENTIFIED_TABLE"></A></P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial" align=center><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial" align=center><B>FORM 8-K</B></P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial" align=center><B>CURRENT REPORT<BR>
Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</B></P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial" align=center>Date of report (Date of earliest event reported): February&nbsp;8, 2010</P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=24.267></TD><TD width=129.333></TD><TD width=153.6></TD><TD width=153.6></TD><TD width=153.6></TD><TD width=153.6></TD></TR>
<TR><TD valign=top width=24.267><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=743.733 colspan=5><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>PetMed Express, Inc.<BR>
</U></B> (Exact name of registrant as specified in its charter)</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top width=153.6 colspan=2><P>&nbsp;</P></TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P>&nbsp;</P></TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P>&nbsp;</P></TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P>&nbsp;</P></TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top width=153.6 colspan=2><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>Florida</U></B></P>
</TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P>&nbsp;</P></TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>000-28827</U></B></P>
</TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P>&nbsp;</P></TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>65-0680967</U></B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top width=153.6 colspan=2><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>(State or other jurisdiction<BR>
of incorporation)</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P>&nbsp;</P></TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>(Commission<BR>
File Number)</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P>&nbsp;</P></TD><TD style="background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>(I.R.S. Employer<BR>
Identification No.)</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR>
<BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=768></TD></TR>
<TR><TD valign=top width=768><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>1441 S.W. 29<SUP>th</SUP> Avenue, Pompano Beach, FL 33069</U></B></P>
</TD></TR>
<TR><TD valign=top width=768><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>(Address of principal executive offices) (Zip Code)</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR>
<BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=751.4></TD><TD width=16.6></TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top width=751.4><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>(954) 979-5995</U></B></P>
</TD><TD style="background-color:#FFFFFF" valign=top width=16.6><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top width=751.4><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>(Registrant&#146;s telephone number, including area code)</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=16.6><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR>
<BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=768></TD></TR>
<TR><TD valign=top width=768><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>Not Applicable</U></B></P>
</TD></TR>
<TR><TD valign=top width=768><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>(Former name or former address, if changed since last report)</P>
</TD></TR>
</TABLE>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial">Check the appropriate box below if the Form&nbsp;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=24.267></TD><TD width=743.733></TD></TR>
<TR><TD valign=top width=24.267><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD valign=top width=743.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</P>
</TD></TR>
<TR><TD valign=top width=24.267><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=743.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=24.267><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD valign=top width=743.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
</TD></TR>
<TR><TD valign=top width=24.267><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=743.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=24.267><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD valign=top width=743.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
</TD></TR>
<TR><TD valign=top width=24.267><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=743.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=24.267><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD valign=top width=743.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
</TD><A NAME="eolPage2"></A><A NAME="FIS_OTHER_EVENTS"></A></TR>
</TABLE>
<P style="line-height:11.25pt; margin:0px"><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="line-height:11.25pt; margin:0px; page-break-before:always"><BR>
<BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=24.267></TD><TD width=743.733></TD></TR>
</TABLE>
<P style="line-height:0.05pt; margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:96px; text-indent:-96px; font-family:Arial"><B>Item 5.02(e)</B></P>
<P style="margin-top:0px; margin-bottom:8.867px; padding-left:96px; font-family:Arial"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</B></P>
<P style="margin:0px; font-family:Arial" align=justify>On February&nbsp;8, 2010<FONT style="color:#0000FF">, </FONT>PetMed Express, Inc. (the &#147;Company&#148;), based on the Compensation Committee recommendation and the Board of Directors&#146; approval that the Company amend the existing executive employment agreement (the &#147;Executive Employment Agreement&#148;) of Menderes Akdag, the Company&#146;s President and Chief Executive Officer, entered into Amendment No.&nbsp;3 to the Executive Employment Agreement with Mr.&nbsp;Akdag (&#147;Agreement&#148;). The Agreement amends certain provisions of the Executive Employment Agreement as follows: the term of the Agreement will be for three years, commencing on March&nbsp;16, 2010; Mr.&nbsp;Akdag&#146;s salary will be increased to $550,000 per year throughout the term of the Agreement, and Mr.&nbsp;Akdag shall be granted 120,000 shares of restricted stock. The restricted stock will be granted on March&nbsp;16, 2010, in accordance with the Company&#146;s 200
6 Restricted Stock Plan and the restrictions shall lapse ratably over a three-year period.</P>
<P style="margin-top:12.533px; margin-bottom:-16px; padding-left:96px; text-indent:-96px; font-family:Arial"><B>Item 9.01</B></P>
<P style="margin:0px; padding-left:96px; font-family:Arial"><B>Financial Statements and Exhibits.</B></P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=77.733></TD><TD width=24.2></TD><TD width=666.067></TD></TR>
<TR><TD valign=top width=77.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=24.2><P style="margin:0px; padding-right:1.067px; font-family:Arial">(d)</P>
</TD><TD valign=top width=666.067><P style="margin:0px; padding-right:1.067px; font-family:Arial">Exhibits.</P>
</TD></TR>
<TR><TD valign=top width=77.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=24.2><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=666.067><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=77.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=24.2><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=666.067><P style="margin:0px; padding-right:1.067px; font-family:Arial">10.1 &#150; Amendment No.&nbsp;3 to Executive Employment Agreement dated February&nbsp;8, 2010 and effective March&nbsp;16, 2010 between the Company and Menderes Akdag.</P>
</TD><A NAME="FIS_EXHIBIT_INDEX"></A><A NAME="FIS_SIGNATURES"></A></TR>
</TABLE>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial" align=center><B>SIGNATURES</B></P>
<P style="margin-top:12.533px; margin-bottom:0px; text-indent:48px; font-family:Arial">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial">Dated: February&nbsp;8, 2010</P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=383.333></TD><TD width=46.4></TD><TD width=338.267></TD></TR>
<TR><TD valign=top width=383.333><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=384.667 colspan=2><P style="margin:0px; padding-right:2.4px; font-family:Arial">PETMED EXPRESS, INC.</P>
</TD></TR>
<TR><TD valign=top width=383.333><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=46.4><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=338.267><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=383.333><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=46.4><P style="margin:0px; padding-right:1.067px; font-family:Arial">By:</P>
</TD><TD valign=top width=338.267><P style="margin:0px; padding-right:1.067px; font-family:Arial"><U>/s/ Bruce S. Rosenbloom</U></P>
</TD></TR>
<TR><TD valign=top width=383.333><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=46.4><P style="margin:0px; padding-right:1.067px; font-family:Arial">Name:</P>
</TD><TD valign=top width=338.267><P style="margin:0px; padding-right:1.067px; font-family:Arial">Bruce S. Rosenbloom</P>
</TD></TR>
<TR><TD valign=top width=383.333><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=46.4><P style="margin:0px; padding-right:1.067px; font-family:Arial">Title:</P>
</TD><TD valign=top width=338.267><P style="margin:0px; padding-right:1.067px; font-family:Arial">Chief Financial Officer</P>
</TD></TR>
<TR><TD valign=top width=383.333><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=46.4><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=338.267><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial" align=center>2</P>
<P style="margin:0px" align=center><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><BR></P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial" align=center><B>EXHIBIT INDEX</B></P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=80.8></TD><TD width=17.133></TD><TD width=652.933></TD><TD width=17.133></TD></TR>
<TR><TD valign=top width=80.8><P style="margin:0px; padding-right:1.067px; font-family:Arial"><U>Exhibit&nbsp;No.</U></P>
</TD><TD valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=652.933><P style="margin:0px; padding-right:1.067px; font-family:Arial"><U>Description</U></P>
</TD><TD valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=80.8><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=652.933><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top width=80.8><P style="margin:0px; padding-right:1.067px; font-family:Arial">10.1</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=652.933><P style="margin:0px; padding-right:1.067px; font-family:Arial">Amendment No.&nbsp;3 to Executive Employment Agreement dated February&nbsp;8, 2010 and effective March&nbsp;16, 2010 between the Company and Menderes Akdag.</P>
</TD><TD style="background-color:#FFFFFF" valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin-top:0px; margin-bottom:8.867px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>petmed_ex10z1.htm
<DESCRIPTION>AMENDMENT NO. 3 TO EXECUTIVE EMPLOYMENT AGREEMENT
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
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<HEAD>
<TITLE>AMENDMENT No. 3 TO EXECUTIVE EMPLOYMENT AGREEMENT</TITLE>
<META NAME="author" CONTENT="EDGAR Online HTML to RTF Converter. Version 3.0">
<META NAME="date" CONTENT="02/08/2010">
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<P style="margin:0px; font-family:Arial" align=center><B>EXHIBIT 10.1</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Arial" align=center><B><U>AMENDMENT No. 3 TO EXECUTIVE EMPLOYMENT AGREEMENT</U></B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px; font-family:Arial" align=justify>This Amendment No. 3 to the Executive Employment Agreement (&#147;Amendment No. 3&#148;) is entered into as of February 8, 2010 and shall be effective as of March 16, 2010 (the &#147;Effective Date&#148;) by and between PetMed Express, Inc. (&#147;PetMed&#148; or the &#147;Company&#148;) and Menderes Akdag (the &#147;Executive&#148;).</P>
<P style="margin:0px; font-family:Arial" align=justify>&nbsp;</P>
<P style="margin:0px; text-indent:48px; font-family:Arial" align=justify>WHEREAS, PetMed and the Executive entered into an Executive Employment Agreement dated March 16, 2001 (&#147;Executive Employment Agreement&#148;), which was subsequently amended by Amendment No. 1 to Executive Employment Agreement on March 16, 2004 and by Amendment No. 2 to the Executive Employment Agreement on February 27, 2007 with an effective date of March 16, 2007, and collectively with the Executive Employment Agreement shall be referred to as the &#147;Agreement&#148;), which Agreement is due to expire on March 16, 2010, and PetMed and the Executive wish to further amend the Agreement.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px; font-family:Arial" align=justify>NOW, THEREFORE, it is hereby agreed as follows:</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-left:48px; font-family:Arial" align=justify>So much of Section 4 of the Agreement, which reads &#147;The Term of employment hereunder will commence on the Effective Date as set forth above and on the third anniversary of the Effective Date&#133;&#148; is hereby revised to read &#147;The Term of employment hereunder will commence on March 16, 2010 and will end on March 16, 2013...&#148; &nbsp;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px; font-family:Arial" align=justify>Sections 5(a) and 5(b) of the Agreement shall be deleted and replaced with the following:</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-24px; font-family:Symbol" align=justify>&#183;</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; font-family:Arial" align=justify>a.</P>
<P style="margin:0px; padding-left:72px; text-indent:24px; font-family:Arial" align=justify><U>Salary</U>. &nbsp;The Executive shall be paid a base salary, payable in accordance with the Company&#146;s policies from time to time for senior executives at an annual rate of Five Hundred Fifty Thousand Dollars ($550,000.00).</P>
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<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-24px; font-family:Symbol" align=justify>&#183;</P>
<P style="margin:0px; padding-left:72px; font-family:Arial" align=justify>b. <U>Grant of Stock</U>. &nbsp;In accordance with the terms of the PetMed Express, Inc., 2006 Employee Equity Compensation Restricted Stock Plan, attached hereto and incorporated herein by such reference, and subject to the further terms, conditions and restrictions contained in a separate agreement, titled &#147;Restricted Stock Agreement Pursuant To PetMed Express, Inc. 2006 Restricted Stock Plan,&#148; to be entered into by and between the Company and the Executive on March 16, 2010, incorporated herein by reference upon its execution, the Executive is hereby granted 120,000 shares of the Company's common stock, par value $.001 per share (&#147;Restricted Stock&#148;). &nbsp;The Company will pay 25% withholding tax on the Restricted Stock based on the market value of the Restricted Stock upon the lapse of each restriction period.</P>
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<P style="margin:0px; text-indent:48px; font-family:Arial" align=justify>Except as expressly provided in this Amendment No. 3, all other terms, conditions and provisions of the Agreement shall continue in full force and effect as provided therein.</P>
<P style="margin:0px; font-family:Arial" align=justify>&nbsp;</P>
<P style="margin:0px; font-family:Arial" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment No. 3 as of the date set forth in the first paragraph above.</P>
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<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=56.067></TD><TD width=135.933></TD><TD width=336.067></TD><TD width=35.8></TD><TD width=204.133></TD></TR>
<TR><TD valign=top width=56.067><P>&nbsp;</P></TD><TD valign=top width=135.933><P>&nbsp;</P></TD><TD valign=top width=336.067><P>&nbsp;</P></TD><TD valign=top width=35.8><P>&nbsp;</P></TD><TD valign=top width=204.133><P style="margin:0px; font-family:Arial">PetMed Express, Inc.</P>
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<TR><TD valign=top width=56.067><P>&nbsp;</P></TD><TD valign=top width=135.933><P>&nbsp;</P></TD><TD valign=top width=336.067><P>&nbsp;</P></TD><TD valign=top width=35.8><P>&nbsp;</P></TD><TD valign=top width=204.133><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=56.067><P>&nbsp;</P></TD><TD valign=top width=135.933><P>&nbsp;</P></TD><TD valign=top width=336.067><P>&nbsp;</P></TD><TD valign=top width=35.8><P>&nbsp;</P></TD><TD valign=top width=204.133><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=56.067><P style="margin:0px; font-family:Arial">Witness </P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=135.933><P style="margin:0px; font-family:Arial">/s/ Alison Berges</P>
</TD><TD valign=top width=336.067><P>&nbsp;</P></TD><TD valign=top width=35.8><P style="margin:0px; font-family:Arial">By: </P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=204.133><P style="margin:0px; font-family:Arial">/s/ Robert C. Schweitzer</P>
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<TR><TD valign=top width=56.067><P>&nbsp;</P></TD><TD valign=top width=135.933><P>&nbsp;</P></TD><TD valign=top width=336.067><P>&nbsp;</P></TD><TD valign=top width=35.8><P style="margin:0px; font-family:Arial">&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top width=204.133><P style="margin:0px; font-family:Arial">Robert C. Schweitzer</P>
</TD></TR>
<TR><TD valign=top width=56.067><P>&nbsp;</P></TD><TD valign=top width=135.933><P>&nbsp;</P></TD><TD valign=top width=336.067><P>&nbsp;</P></TD><TD valign=top width=35.8><P>&nbsp;</P></TD><TD valign=top width=204.133><P style="margin:0px; font-family:Arial">Chairman of the Board</P>
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<TR><TD valign=top width=56.067><P>&nbsp;</P></TD><TD valign=top width=135.933><P>&nbsp;</P></TD><TD valign=top width=336.067><P>&nbsp;</P></TD><TD valign=top width=35.8><P>&nbsp;</P></TD><TD valign=top width=204.133><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=56.067><P>&nbsp;</P></TD><TD valign=top width=135.933><P>&nbsp;</P></TD><TD valign=top width=336.067><P>&nbsp;</P></TD><TD valign=top width=35.8><P>&nbsp;</P></TD><TD valign=top width=204.133><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=56.067><P style="margin:0px; font-family:Arial">Witness </P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=135.933><P style="margin:0px; font-family:Arial">/s/ Alison Berges</P>
</TD><TD valign=top width=336.067><P>&nbsp;</P></TD><TD valign=top width=35.8><P>&nbsp;</P></TD><TD valign=top width=204.133><P style="margin:0px; font-family:Arial">Executive</P>
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<TR><TD valign=top width=56.067><P>&nbsp;</P></TD><TD valign=top width=135.933><P>&nbsp;</P></TD><TD valign=top width=336.067><P>&nbsp;</P></TD><TD valign=top width=35.8><P>&nbsp;</P></TD><TD valign=top width=204.133><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=56.067><P>&nbsp;</P></TD><TD valign=top width=135.933><P>&nbsp;</P></TD><TD valign=top width=336.067><P>&nbsp;</P></TD><TD valign=top width=35.8><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=204.133><P style="margin:0px; font-family:Arial">/s/ Menderes Akdag</P>
</TD></TR>
<TR><TD valign=top width=56.067><P>&nbsp;</P></TD><TD valign=top width=135.933><P>&nbsp;</P></TD><TD valign=top width=336.067><P>&nbsp;</P></TD><TD valign=top width=35.8><P>&nbsp;</P></TD><TD valign=top width=204.133><P style="margin:0px; font-family:Arial">Menderes Akdag</P>
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