Exhibit 25
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Xxxxxx X. Xxxxxxxx
00 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
December 3, 2002
M & F Worldwide Corp.
00 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Termination of Letter Agreement
Gentlemen:
Reference is hereby made to the Letter Agreement, dated as of
April 19, 2001 (the "Letter Agreement"), between M & F Worldwide Corp., a
Delaware corporation ("M & F Worldwide") and myself.
The undersigned hereby agree that the Letter Agreement is hereby
terminated, effective as of the date hereof, and as a result of such
termination, neither M & F Worldwide (nor any of its respective directors
or officers) nor myself shall have any further obligations or liabilities
to the other in connection with or arising out of the Letter Agreement or
its termination.
Very truly yours,
/s/ Xxxxxx X. Xxxxxxxx
Xxxxxx X. Xxxxxxxx
ACCEPTED AND AGREED:
M & F WORLDWIDE CORP.
By:/s/Xxxxxx Xxxxxx
------------------------------------
Name: Xxxxxx Xxxxxx
Title: Chairman of the Board of
Directors, President and Chief
Executive Officer
