THE 1994 PERL TRUST INDENTURE
000 XXXXXXX XXXXXXXXX, XXXXX 000
XXX XXXXXXXX, XXXXXXX 00000
--------------------------------------------------------------------------------
July 8, 1998
Xx. Xxxxx Xxxxx
Xxxxx Xxxxx Capital Group Ltd.
0000 Xxxxxxxxx Xxxxxxxxx
Xxxxxxxxxxx, Xxxxxxxxx 00000
Dear Xx. Xxxxx:
The undersigned, as trustees of The 1994 Perl Trust Indenture, beneficial
owner of shares of common stock, par value $.001 per share (the "Trust Shares"),
of American Card Technology, Inc. (the "Company"), hereby name Xxxxx Xxxxx as
the successor trustee under that certain Voting Trust Agreement dated as of May
1, 1998 with respect to the Trust Shares (the "Voting Trust Agreement"), with
the exclusive right to vote upon the Trust Shares or to give written consents in
lieu of voting thereon, subject to any limitation on the right to vote contained
in the Company's certificate of incorporation or other certificate filed
pursuant to law, in person or by proxy at all meetings of the shareholders of
the Company, and in all proceedings wherein the vote or written consent of
shareholders may be required or authorized by law, for the balance of the term
of said voting trust set forth in the Voting Trust Agreement.
Please indicate your acceptance of such appointment by countersigning
below.
THE 1994 PERL TRUST INDENTURE
By /s/ Xxxxx X. Xxxx
-------------------------
Xxxxx X. Xxxx, Trustee
By /s/ Xxxxxxx Xxxxxxx
-------------------------
Xxxxxxx Xxxxxxx, Trustee
I HEREBY ACCEPT APPOINTMENT AS
SUCCESSOR TRUSTEE UNDER THE
VOTING TRUST AGREEMENT:
/s/ Xxxxx Xxxxx
-------------------------------
Xxxxx Xxxxx
