June 24, 2008 Gilbert V. Levin M. Karen Levin Annapolis, Maryland 21401 Dear Gil and Karen: This letter will evidence the agreements we discussed previously.Exit Agreement • July 8th, 2008 • Spherix Inc • Services-engineering, accounting, research, management
We have agreed to confirm and clarify our prior agreements set forth in the G.V. Levin Exit Agreement (March 2004) and the Exit Agreement For M. Karen Levin (November 2005). Accordingly, the following provisions supersede the prior exit agreements:
