EXHIBIT 10.23
ADMINISTRATIVE SERVICES AGREEMENT
MAY 13, 2005
NOTICE OF TERMINATION
November 21, 2005
Palisades Capital Management, LLC
Xxx Xxxxxx Xxxxx
Xxxx Xxx, XX 00000
Attention: Xxxxx X. Xxxx, Chief Financial Officer
Ladies and Gentlemen:
We refer to that certain agreement dated May 13, 2005, between you and
us (the "Agreement") pursuant to which you have provided certain administrative
services to us in consideration of a monthly fee of $3,000. Pursuant to the
terms of the Agreement, this letter will constitute notice of termination of the
Agreement, which termination shall become effective 30 days from the date
hereof. Any fees due under the Agreement should be prorated through the
effective date of such termination.
If you have any questions relating to the foregoing, please do hesitate
to call the undersigned. Thank you for all your help.
Sincerely yours,
/s/ Xxxxxxx Xxxxxx
Xxxxxxx Xxxxxx
President and CEO
