MIM Corporation 100 Clearbrook Road Elmsford, NY 10523 January 28, 2004

MIM Corporation
100 Clearbrook Road
Elmsford, NY 10523

                                      January 28, 2004

Mr. Barry A. Posner
Executive Vice President and
      General Counsel
MIM Corporation
100 Clearbrook Road
Elmsford, NY 10523

Dear Barry:

           Reference is made to the Employment Agreement, dated as of March 1, 1999, by and between MIM Corporation, a Delaware corporation, and yourself, as amended to date (the "Employment Agreement"). Capitalized terms used herein and not defined shall have the meaning ascribed thereto in the Employment Agreement.

           This will confirm our agreement that the Term of the Employment Agreement is extended for an additional two years through February 28, 2006. Except as modified hereby, the Employment Agreement shall remain unmodified and in full force and effect.

           Kindly signify your agreement to the foregoing by signing below.