Agreement Regarding Non-Involvement with The Thornwater Company, L.P.
STATE OF NEW YORK )
)ss.:
COUNTY OF NASSAU )
XXXX X. XXXXXXX states the following under penalty of perjury:
1. I was a registered representative with The Thornwater Company, L.P.
("Thornwater") until January 2001. Thereafter, I was a consultant to Thornwater
pursuant to a written Consulting Agreement dated January 29, 2001.
2. This statement confirms that I resigned as a consultant to
Thornwater effective as of December 31, 2001 and have otherwise repudiated the
terms of my Consulting Agreement with Thornwater.
3. I confirm that I will not directly or indirectly be involved in,
control or otherwise direct Thornwater's business.
4. I further confirm that I have agreed not to subcontract to any
person any of the services I will or may perform pursuant to my consulting
agreement with Chipcards, Inc. dated January 29, 2001.
/s
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Xxxx X. Xxxxxxx
