▇▇▇▇▇▇▇ FOOD AND DRUG COMPANY
▇▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇.▇.
▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇
November 25, 1996
▇▇▇▇▇ ▇. ▇▇▇▇▇▇
c/o ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ & Co.
▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Re: Extension and Modification to Consulting Agreement made and
entered into as of the 1st day of July, 1991 by and between
▇▇▇▇▇▇▇ Food and Drug Company and ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, as extended
and modified by letters dated April 29, 1993, October 28, 1993,
November 21, 1994 and November 20, 1995
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Dear ▇▇▇▇:
Reference is made to that certain Consulting Agreement made and
entered into as of the 1st day of July, 1991 by and between ▇▇▇▇▇▇▇ Food and
Drug Company (the "Company") and yourself, as extended and modified by those
certain letters dated April 29, 1993, October 28, 1993, November 21, 1994 and
November 20, 1995 (collectively, the "Agreement"). This letter is intended to
confirm our oral agreement to extend the term of the Agreement for an additional
six month term, from July 1, 1996 through December 31, 1996. The terms of the
extended Agreement are to be identical to the terms of the prior Agreement,
including, in particular, the reduced consulting fee of $75,000 per annum;
provided, however, that the Company and you hereby agree to terminate (as of
November 30, 1996) each party's obligations (previously specified in Section
3(c) of the Agreement) regarding certain medical benefits to be provided to you.
Could you please confirm our agreement regarding the extended
Agreement by executing this letter where indicated below and returning the
executed copy to my attention at the address above.
Very truly yours,
▇▇▇▇▇▇▇ FOOD AND DRUG COMPANY
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Chairman, President and Chief Executive Officer
ACKNOWLEDGED AND ACCEPTED:
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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▇▇▇▇▇ ▇. ▇▇▇▇▇▇
