MORSE, ZELNICK, ROSE & LANDER
A LIMITED LIABILITY PARTNERSHIP
000 XXXX XXXXXX
XXX XXXX, XXX XXXX 00000-0000
000-000-0000
FAX - 000-000-0000
WRITER'S DIRECT LINE
(000) 000-0000
April 15, 2003
Xx. Xxxxxx Xxxxxxx
Milestone Scientific, Inc.
000 Xxxxx Xxxxxx Xxxxxx
Xxxxxxxxxx, Xxx Xxxxxx 00000
Dear Xxx:
This will confirm that we have agreed to defer payment of an additional
$160,000 in fees due to us until January 2, 2005, except for payments out of
future profits or the net proceeds of equity financings.
This will further inform that the $160,000 balance of the amount
deferred last year until January 2, 2003 (after giving effect to a $90,000
payment in restricted shares of Common Stock), is now deferred until January 2,
2005 except for payments out of future profits or the net proceeds of equity
financings, provided that it does not impact operations.
Very truly yours,
Xxxxxxx X. Xxxxxxx
SAZ/ds