As of April 30, 2010 Mr. Louis V. Aronson President and Chief Executive Officer Ronson Corporation Corporate Park III, Campus Drive Somerset, NJ 08875 Dear Mr. Aronson:
As of
April 30, 2010
Xx. Xxxxx
X. Xxxxxxx
President
and Chief Executive Officer
Ronson
Corporation
Corporate
Park III, Campus Drive
Somerset,
NJ 08875
Dear Xx.
Xxxxxxx:
Reference
is made to the Agreement dated March 30, 2009, as previously amended (the
“Agreement”) between Xxxxxxx Xxxxxxx & Associates LLC (“Xxxxxxx Xxxxxxx”)
and Ronson Corporation (together with its subsidiaries, the
“Company”).
By
signing below, please confirm that:
(i) The
date "April 30, 2010" in the two places where it appears in the Agreement is
amended to be "June 30, 2010"; and
(ii) On
and as of April 24, 2010, the Company owes $1,722,605.31, consisting of
$1,522,605.31 in fees and expenses and $200,000 in Signing Bonus, to Xxxxxxx
Xxxxxxx under the Agreement, and such amount is owing and payable in full,
without offset, deduction or counterclaim of any kind or character
whatsoever.
(iii) Commencing
with the week starting May 4, 2010, in addition to the fees previously agreed,
the Company will pay for the services of Xxx Xxxxxx or another analyst at their
per-hour rate.
[balance
of page left blank]
The
Agreement is, in all other respects, ratified and confirmed.
Very
truly yours,
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XXXXXXX
XXXXXXX & ASSOCIATES LLC
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By:
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/s/ Xxxx
Xxxxxxx
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Xxxx
Xxxxxxx
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Vice
Chairman
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Agreed
to and accepted:
RONSON
CORPORATION
By: /s/ Xxxxx X. Xxxxxxx
XX
Name:
Xxxxx X. Xxxxxxx XX
Title: President & Chief
Executive Officer
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RONSON
CONSUMER PRODUCTS CORPORATION
By: /s/ Xxxxx X. Xxxxxxx
XX
Name:
Xxxxx X. Xxxxxxx XX
Title: President & Chief
Executive Officer
|
RONSON
AVIATION, INC.
By: /s/ Xxxxx X. Xxxxxxx
XX
Name:
Xxxxx X. Xxxxxxx XX
Title: President & Chief
Executive Officer
|
RONSON CORPORATION OF CANADA
LTD.
By
/s/ Xxxxx X. Xxxxxxx
XX
Name: Xxxxx X. Xxxxxxx
XX
Title: President & Chief
Executive Officer
|
Consented
to:
XXXXX
FARGO BANK, NATIONAL ASSOCIATION
By /s/ Xxxxx
Xxxxxx
Name: Xxxxx
Xxxxxx
Title:
Vice President
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