AMONG AUTOMATIC SYSTEMS DEVELOPERS, INC. AND HIGH TECHNOLOGY COMPUTERS, INC., AS BORROWERS,First Amendment Agreement • March 12th, 1999 • Asd Group Inc • Services-engineering services • New York
EXHIBIT 1 ASD GROUP, INC. One Industry Street Poughkeepsie, NY 12603 (914) 452-3000Pension Agreement • March 12th, 1999 • Asd Group Inc • Services-engineering services
This letter will confirm our agreement with respect to the prior agreement you had with ASD Group, Inc. (the "Company") pursuant to the letter dated January 4, 1993 (the "Original Letter"). Pursuant to the Original Letter, the Company agreed to provide you with a pension of $30,000.00 per year for 15 years. The Company also agreed to continue to pay your health insurance premiums during this time. Finally, the Company agreed that should you die during this period, the pension would paid to your wife or children.
March 4, 1999Debt Forgiveness Agreement • March 12th, 1999 • Asd Group Inc • Services-engineering services
RECITALSSecond Restructuring Agreement • March 12th, 1999 • Asd Group Inc • Services-engineering services • New York
