Letter Amendment to Separation Agreement (Exhibit 10.w above), dated August 31, 2011, correcting base salary compensation payment

 

Date: August 31, 2011

 

Howard J. Rubin, Esq.

Davis & Gilbert LLP

1740 Broadway

New York, NY 10019

 

Dear Mr. Rubin,

 

This will confirm that, notwithstanding the provision in paragraph 3(a) of the Separation Agreement dated August 25, 2011, that specifies a payment to Ms. Hamilton of $525,000, the Company will instead pay to Ms. Hamilton on the date fixed for such payment an amount equal to $550,000 in recognition of the fact that the latter amount represented her current annual base salary at the date of the Separation Agreement.

 

Sincerely yours,

 

 

Louis L. Ainsworth

Interim General Counsel

c:	Joseph W. Armbrust, Sidley & Austin

Bob Ries, MTS

---