I am pleased to inform you that the Compensation Committee of the Board of Directors has
approved paying you a spot bonus in the amount of $150,000, with the proviso that you be required
to repay the Company $75,000 of that amount if you are no longer employed by the Company in 12
I ask you to sign below to indicate your understanding, agreement and acceptance of this bonus
under the terms stated above.
Acknowledged, Agreed to and Accepted: