Exhibit 10.18
May 14, 1998
Xxxxx Xxxxxxxx, President
CMH Capital Management Corp.
000 Xxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Dear Xxxxx:
This letter agreement shall confirm our agreement for CMH Capital
Management Corp. ("CMH") to receive 50,339 shares of Common Stock of Network-1
Security Solutions, Inc. ("Network-1") in full satisfaction of accrued advisory
fees of $200,000 due CMH from Network-1 pursuant to the letter agreement, dated
January 30, 1997, between Network-1 and CMH (the "CMH Letter Agreement"). In
addition, Network-1 shall have no further obligation to pay CMH monthly advisory
fees in accordance with the CMH Letter Agreement.
Very truly yours,
Network-1 Software Technology, Inc.
By: /s/ Xxxxxx Xxxxx
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Xxxxxx Xxxxx, President
Agreed and Accepted:
CMH Capital Management Corp.
By: /s/ Xxxxx X. Xxxxxxxx
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Xxxxx X. Xxxxxxxx, President
