November 21, 2003
Xxxxxx Xxxxxxx
[Address Redacted]
Dear Xxxx,
Subject: Amendment to Consulting Agreement Dated July 3, 2003
This is to amend the terms of your consulting agreement between you and American
Business Financial Services, Inc. ("ABFS"), dated July 3, 2003. These amendments
are to be effective as of November 1, 2003.
The daily rate of compensation is amended to be $1,154.00 for the period of
November 1, 2003 and through November 21, 2003.
Notwithstanding anything to the contrary set forth in the consulting agreement,
notice is given that the consulting agreement is terminated effective November
21, 2003, as you have accepted full time employment with ABFS effective November
24, 2003.
All other terms and conditions of the consulting agreement remain unchanged and
in full force and effect except as modified by these amendments.
Please indicate your acceptance of these amendments to your agreement by signing
and returning one copy of this memo.
Very truly yours,
/s/ Xxxxx X. X'Xxxxxx
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Xxxxx X. X'Xxxxxx
Xxxxxx Vice President, Human Resources
Accepted and
agreed to: /s/ Xxxxxx Xxxxxxx Date: December 1, 2003
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Xxxxxx Xxxxxxx
