8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November 6, 2008

GEN2MEDIA CORPORATION

(Exact name of registrant as specified in its charter)

Nevada	333-147932	26-1358844
(State or Other Jurisdiction	(Commission File	(I.R.S. Employer
of Incorporation)	Number)	Identification Number)

2295 S. Hiawassee Rd.

Suite 414

Orlando, FL  32835

 (Address of principal executive offices) (zip code)

(310) 7701693

 (Registrant's telephone number, including area code)

Copies to:

Marc J. Ross, Esq.

Jonathan R. Shechter, Esq.

Sichenzia Ross Friedman Ference LLP

1065 Avenue of the Americas

New York, New York 10018

Phone: (212) 930-9700

Fax: (212) 930-9725

Check the appropriate box below if the Form 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):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 6, 2008, Gen2Media Corporation (the “Company”) entered into an Amendment to Executive Employment Agreement (the “Agreement”) with each of (i) Mark Argenti, the Company’s Chief Creative Officer and Secretary, (ii) Mary Spio, the Company’s President, and (iii) Ian McDaniel, the Company’s Treasurer and Chief Technology Officer (collectively, the “Executive Officers”). Pursuant to the terms of the Agreement, the Executive Officers shall receive an annual base salary of $125,000 per year, effective November 1, 2008 with the elimination of any cash bonuses due to each of the Executive Officers under their respective original employment agreements with the Company. Additionally, the Executive Officers forgave any and all past salaries or other compensation due to them for prior services rendered to the Company.

Item 9.01 Financial Statements and Exhibits.

(a)  Financial statements of business acquired.

Not applicable.

(b) Pro forma financial information.

Not applicable.

(c) Exhibits

Exhibit Number	Description
10.1	Form of Amendment to Executive Employment Agreement dated November 6, 2008.

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Gen2Media Corporation
Dated: November 10, 2008	By:	/s/ James Byrd
		Name: James Byrd
		Title: Chairman and CEO

EX-10.1

Exhibit 10.1

AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT

This Amendment to Executive Employment Agreement is executed this 6th day of November, 2008 by and between Gen2Media Corp. (“the Company”) and ______________ (“Employee”).

1.           This Agreement amends that certain Executive Employment Agreement between the parties dated May 1, 2008 (“the Agreement”).

2.           The Agreement is hereby amended to provide that the base salary of the Employee is changed to $125,000 per year for the life of the Agreement. This increase shall be effective as of November 1, 2008, and shall be paid beginning with the November 15 paycheck.

3.           The Agreement is further amended to provide that the Incentive Bonus provided in paragraph 3(b) thereof is eliminated, and there shall no longer be a cash bonus provision in the Agreement.

4.           In consideration of this Amendment, Employee hereby forgives any and all past salaries or other compensation due him from prior services rendered to the Company.

5.           Other than as specifically amended hereby, all other terms and provisions of the Agreement shall remain in full force and effect.

Wherefore, this Agreement is entered into this 6th day of November, 2008.

Gen2Media Corp.		Employee
By:	/s/	By:	/s/
	Jim Byrd, CEO