Amendment to Employment Agreement between Marlton Technologies, Inc. and Stephen P. Rolf

Summary

This letter amends the employment agreement between Marlton Technologies, Inc. and Stephen P. Rolf. Effective August 1, 2004, Mr. Rolf's annual base salary is set at $140,000, and he is awarded a $12,000 discretionary bonus for 2004. All other terms of the original employment agreement remain unchanged and in effect. The amendment is confirmed by the Chairman of the Compensation Committee and requires Mr. Rolf's agreement.

EX-10.54 8 v018142_rolfsallet.txt May 12, 2005 Mr. Stephen P. Rolf Marlton Technologies, Inc. 2828 Charter Road Philadelphia, PA 19154 Re: Employment Agreement dated November 24, 1999 Dear Steve: Confirming the actions of the Compensation Committee of the Board of Directors of Marlton Technologies, Inc. ("Company"): Effective August 1, 2004, your annual base salary was increased to $140,000. For 2004, you were awarded a discretionary bonus of $12,000. The provisions of your Employment Agreement relating to the above subject matter are superseded by this amendment; otherwise the Employment Agreement shall remain in full force and effect in accordance with its terms and shall constitute the legal, valid and binding agreement of the Company. --------------------------------- Richard Vague Chairman of Compensation Committee Agreed this _____ day of May, 2005. - ---------------------------------- Stephen P. Rolf