from 10-Q
1 page
<page> 3/29/96 John Ambrose 26275 Hilltop Place Carmel, Ca 93923 Dear John: On Behalf of the Board of Directors, I Am Pleased to Offer You Full Time Regular Employment as the Chief Executive Officer at the Annual Salary of $120,000. in Addition You Will Receive a Grant for 145,000 Stock Options of Deltapoint, Inc. and a Signing Bonus of $25,000. Additional Terms of the Employment Agreement Will Be Forthcoming. Our Employee Benefits Include Coverage in Major Medical, Dental, Life, and Ad & D Beginning Thirty Days After the First Day of Employment. We Also Offer Enrollment in a 401k Tax Deferred Savings Plan After One Month of Employment. We Are Looking Forward to Having You Join Deltapoint, Inc., I Am Sure That Together We Can Establish a Professionally Committed Organization. This Offer Letter, if Not Signed, Will Expire on March 29, 1996. Sincerely, Deltapoint, Inc. /S/ Donald B. Witmer /S/ John Ambrose - Donald B. Witmer John Ambrose Chief Operations Officer/Chief Financial Officer Date: March 29, 1996 24
