Board of Directors Somerset International Group, Inc.
Board of Directors
Somerset International Group, Inc.
00 Xxxxxxxxxx Xxxxxx Xxxx
Bedminster, NJ 07921
Dear Board Members:
In reference to our respective Employment Agreements dates January 6, 2004, we hereby agree to waive any claims for payment of salary and auto, mobile phone, and medical benefits provided for in those Employment Agreements. We agree to this waiver from the period October 1, 2004 through March 31, 2005.
Very truly yours, |
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Somerset International Group, Inc. |
s/s Xxxx X. Xxxxxxxx |
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Xxxx X. Xxxxxxxx |
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Chief Ececutive Officer | ||
s/s Xxxx Xxxxxxxx |
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Xxxx Xxxxxxxx |
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Executive Vice President | ||