March 31, 2008 Mr. Scott Schecter
March
31,
2008
Xx.
Xxxxx
Xxxxxxxx
00
Xxxxx
Xxxx Xxxxx
Larchmont,
NY 10538
Dear
Xxxxx:
As
you
know, your employment agreement with HydroGen, L.L.C. (the “Company”), dated
April 14, 2005 and effective April 1, 2005, is due to terminate on April 1,
2008.
It
is the
Company’s current intention to continue your employment with the Company and to
enter into a new letter agreement with you. To that end, the Company would
like
to continue your current employment agreement in full force and effect (the
“Extension”) until the earlier of (1) May 1, 2008 and (2) the date on which you
and the company enter into a new letter agreement. Please understand that
neither this letter nor the Extension is a guarantee of continued employment
with the Company.
In
connection with the acceptance of this Extension, you hereby waive notice by
the
Company that your current employment agreement will not be renewed. As
previously stated, the Company currently intends to enter into a new letter
agreement with you.
If
you
agree to the terms of the Extension, please sign below and return the signed
letter to me.
Sincerely,
/s/
Xxxx
X. Xxxxx
Xxxx
X.
Xxxxx
Chief
Executive Officer
Agreed
and accepted:
|
/s/
Xxxxx Xxxxxxxx
|
Date:
March 31, 2008
|
|
Xxxxx
Xxxxxxxx
|
