Exhibit 10.58
June __, 1998
HLM Design, Inc.
000 Xxxx Xxxxx Xxxxxx
Xxxxx 0000
Xxxxxxxxx, Xxxxx Xxxxxxxx 00000
Ladies and Gentlemen:
This will confirm the agreement and understanding of the undersigned that,
notwithstanding the provisions of Section 3 of that certain Security Escrow
Agreement dated the date hereof among the undersigned, HLM Design, Inc. and
First Union National Bank, as escrow agent (the "Agreement") the Shares (as
defined in the Agreement) shall not be released from escrow under the Agreement
pursuant to such Section 3 to the extent such release would result in the
recognition of compensation expense to the Company in connection therewith.
Very truly yours,
Xxxxxx X. Xxxxxx
Xxxxxx X. Xxxxxxx
XXXXXXX XXXXXX & COMPANY LEASING, INC.
By __________________________________
Acknowledged and agreed, the
day and year first above written
HLM Design, Inc.
By _____________________________
