July 26, 2006 Joseph E. Sarachek
EXHIBIT
10.2
July
26, 2006
Xxxxxx
X. Xxxxxxxx
00
Xxxxxxx Xxxxx
Xxxxxxxxx,
Xxx Xxxx 00000
Dear
Xx. Xxxxxxxx:
Reference
is made to the retention agreement, dated July 21, 2006, between PubliCARD,
Inc.
(the “Company”) and you (the “Retention Agreement”). Notwithstanding anything to
the contrary in the Retention Agreement, you and the Company hereby acknowledge
and agree that the effective date of your appointment as Chief Executive Officer
of the Company shall be July 31, 2006.
Except
to the extent modified hereby, the Retention Agreement shall continue in full
force and effect.
Very
truly yours,
PubliCARD,
Inc.
By:
/s/ Xxxxxxx X. XxXxxx
Acknowledged
and Agreed:
/s/
Xxxxxx X. Xxxxxxxx
Xxxxxx
X. Xxxxxxxx
