EXHIBIT 10 G
December 16, 2001
Xx. Xxxxxxx X. Xxxxxx
Chairman, President and Chief Executive Officer
AmBase Corporation
000 Xxxxxx Xxxxx
0xx Xxxxx
Xxxxxxxxx, XX 00000
Dear Xx. Xxxxxx
As provided by the actions of the Personnel Committee of AmBase Corporation at
their meeting held on December 16, 2001, AmBase Corporation (the "Company")
hereby agrees to amend your employment agreement dated June 1, 1991 ("Original
Agreement") and as previously amended as of January 1, 1993, February 24, 1997
and January 1, 2001 (collectively the "Agreement") to extend the expiration of
the employment period for an additional five years to May 31, 2007 from May 31,
2002 or for such shorter period as may be mutually agreed by you and the
Company.
It is expressly understood that all other provisions of the Agreement will
continue in full force and effect in accordance with its original terms and
practices to date.
AmBase Corporation
By: /s/ Xxxx X. Xxxxxxx
-------------------------
Xxxx X. Xxxxxxx
Vice President and
Chief Financial Officer
Accepted and agreed to
this 16th day of December, 2001
By: /s/ Xxxxxxx X. Xxxxxx
---------------------------
Xxxxxxx X. Xxxxxx
