July 6, 2005 Mr. Bradley Barks 280 E. Smoketree Terrace Alpharetta, Georgia 30005 Dear Mr. Barks:Employment Agreement • July 12th, 2005 • Global Preferred Holdings Inc • Life insurance
This letter will confirm the mutual understandings and agreements of you and Global Preferred Holdings, Inc. (“GPH”) relating to the termination of your employment with GPH and the services to be provided during your transition period. This letter agreement supplements and, as specifically provided by certain terms herein, amends, the provisions of the Employment Agreement (Senior Vice President – Finance and Chief Financial Officer) between You and GPH dated March 4, 2002 as amended by the First Amendment to Employment Agreement of Bradley E. Barks dated July 30, 2002, the Renewal of the Employment Agreement of Bradley E. Barks dated March 1, 2003, the Second Renewal of the Employment Agreement of Bradley E. Barks dated January 1, 2004, the letter from GPH to you dated March 12, 2004, the Third Renewal of the Employment Agreement of Bradley E. Barks dated January 1, 2005 and that certain letter from GPH to you dated January 28, 2005 (the “Employment Agreement”). Except as otherwise pr
