Mdi Inc – Contract (January 10th, 2006)
Exhibit 99.2 January 10, 2006 Mr. Jon Greenwood 7548 Fair Oaks Parkway Fair Oaks Ranch, Texas 78015 Dear Jon; The purpose of this document is to set forth the terms which you and MDI, Inc., its affiliates and subsidiaries (the "Company") have agreed upon regarding your separation as an employee of the Company. 1. Resignation from Employment and Title - Pursuant to your resignation given to the Company on Friday, January 6, 2006, your employment with the Company shall terminate and you shall cease to be the Senior Vice President, Chief Financial Officer, Treasurer and Assistant Secretary of the Company, effective as of January 6, 2006, ("Date of Separation"). You shall also cease to hold any other office or title with the Company and any of its affiliates or operating units as of that date. At the request of the Company, you agree to execute in the future appropriate resignation letter(s) from any such positions should the Company need to formally handle your resignation(s).