Exhibit 10.6
June 30, 1998
▇▇▇ ▇. ▇▇▇▇▇, President and Chief Executive Officer
Network-1 Security Solutions, Inc.
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ - ▇▇▇ ▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇
Dear Avi:
This letter shall confirm that each of the undersigned agree that the
provision in paragraph 3 of our respective employment agreements, dated April 4,
1994, and as amended on February 16, 1996, with Network-1, providing for a 10%
increase in salary was waived by us at the time we were eligible for such 10%
increases due to the financial circumstances of Network-1 and we will make no
claim for such 10% increase at any time in the future.
Very truly yours,
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇
------------------------------
▇▇▇▇▇▇ ▇▇▇▇▇
/s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
------------------------------
▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
N/A
------------------------------
▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
AGREED AND ACCEPTED:
Network-1 Security Solutions, Inc.
By /s/ ▇▇▇ ▇. ▇▇▇▇▇
---------------------------------------
▇▇▇ ▇. ▇▇▇▇▇, President and
and Chief Executive Officer